Seagate Technology PLC (NASDAQ:STX) will be posting its quarterly earnings results before the market opens on Wednesday, October 19th. Analysts expect Seagate Technology PLC to post earnings of $0.79 per share for the quarter.
Seagate Technology PLC (NASDAQ:STX) last announced its earnings results on Tuesday, August 2nd. The data storage provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. Seagate Technology PLC had a net margin of 2.22% and a return on equity of 38.98%. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts expect Seagate Technology PLC to post $3.3 EPS for the current fiscal year and $3.37 EPS for the next fiscal year.
Seagate Technology PLC (NASDAQ:STX) opened at 35.16 on Monday. Seagate Technology PLC has a one year low of $18.42 and a one year high of $41.83. The firm has a 50 day moving average of $36.23 and a 200 day moving average of $29.09. The firm has a market capitalization of $10.55 billion, a PE ratio of 42.88 and a beta of 2.50.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Wednesday, September 21st were paid a $0.63 dividend. The ex-dividend date was Monday, September 19th. This represents a $2.52 annualized dividend and a dividend yield of 7.17%. Seagate Technology PLC’s dividend payout ratio is presently 307.32%.
Several equities research analysts have recently commented on STX shares. BMO Capital Markets restated a “market perform” rating on shares of Seagate Technology PLC in a research note on Wednesday, June 22nd. Vetr downgraded shares of Seagate Technology PLC from a “hold” rating to a “sell” rating and set a $23.50 price target on the stock. in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Seagate Technology PLC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Seagate Technology PLC in a research report on Wednesday, June 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $31.00 price target on shares of Seagate Technology PLC in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.35.
In other Seagate Technology PLC news, Director Frank Biondi sold 1,251 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $32.45, for a total transaction of $40,594.95. Following the transaction, the director now owns 6,433 shares in the company, valued at approximately $208,750.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Re sold 3,082 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $32.50, for a total value of $100,165.00. Following the transaction, the senior vice president now owns 56,623 shares in the company, valued at approximately $1,840,247.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of STX. Caisse DE Depot ET Placement DU Quebec boosted its position in Seagate Technology PLC by 79.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 319,200 shares of the data storage provider’s stock valued at $7,776,000 after buying an additional 141,650 shares during the last quarter. AHL Partners LLP boosted its position in Seagate Technology PLC by 15.0% in the second quarter. AHL Partners LLP now owns 47,619 shares of the data storage provider’s stock valued at $1,160,000 after buying an additional 6,225 shares during the last quarter. RBS Partners L.P. purchased a new position in Seagate Technology PLC during the second quarter valued at $11,805,000. Lombard Odier Asset Management USA Corp purchased a new position in Seagate Technology PLC during the second quarter valued at $1,136,000. Finally, Paloma Partners Management Co boosted its position in Seagate Technology PLC by 110.7% in the second quarter. Paloma Partners Management Co now owns 53,426 shares of the data storage provider’s stock valued at $1,301,000 after buying an additional 28,064 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.
Seagate Technology PLC Company Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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