Seagate Technology (NASDAQ:STX) Earns Coverage Optimism Rating of 0.18

News coverage about Seagate Technology (NASDAQ:STX) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seagate Technology earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the data storage provider an impact score of 45.0703687420025 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently commented on STX shares. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Mizuho raised their target price on shares of Seagate Technology from $39.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Craig Hallum reissued a “buy” rating and issued a $56.00 target price (up from $50.00) on shares of Seagate Technology in a report on Tuesday, January 9th. Cowen reissued a “market perform” rating and issued a $47.00 target price (up from $39.00) on shares of Seagate Technology in a report on Monday, January 8th. Finally, Royal Bank of Canada raised their target price on shares of Seagate Technology to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Seagate Technology currently has a consensus rating of “Hold” and an average target price of $50.80.

Shares of Seagate Technology stock opened at $59.90 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.25 and a debt-to-equity ratio of 4.07. Seagate Technology has a 1 year low of $30.60 and a 1 year high of $61.19. The company has a market cap of $17,064.01, a P/E ratio of 27.23, a P/E/G ratio of 0.79 and a beta of 1.84.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.86 billion. Seagate Technology had a net margin of 6.10% and a return on equity of 93.35%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS. analysts predict that Seagate Technology will post 4.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.21%. Seagate Technology’s dividend payout ratio (DPR) is currently 114.55%.

In related news, insider Stephen J. Luczo sold 341,738 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total transaction of $18,795,590.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 40,263 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $48.78, for a total transaction of $1,964,029.14. Following the transaction, the chief financial officer now owns 65,824 shares in the company, valued at approximately $3,210,894.72. The disclosure for this sale can be found here. Insiders sold a total of 810,048 shares of company stock worth $43,459,301 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

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Seagate Technology 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.

Insider Buying and Selling by Quarter for Seagate Technology (NASDAQ:STX)

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