Seagate Technology Holdings plc (NASDAQ:STX) Forecasted to Earn Q1 2025 Earnings of $1.23 Per Share

Seagate Technology Holdings plc (NASDAQ:STX) – Equities researchers at Northland Capmk boosted their Q1 2025 earnings per share estimates for Seagate Technology in a research note issued to investors on Wednesday, July 24th. Northland Capmk analyst G. Richard now anticipates that the data storage provider will post earnings per share of $1.23 for the quarter, up from their previous estimate of $1.05. The consensus estimate for Seagate Technology’s current full-year earnings is $6.21 per share. Northland Capmk also issued estimates for Seagate Technology’s Q2 2025 earnings at $1.53 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $5.81 EPS, Q1 2026 earnings at $1.82 EPS, Q2 2026 earnings at $2.38 EPS, Q3 2026 earnings at $2.42 EPS, Q4 2026 earnings at $2.50 EPS and FY2026 earnings at $9.13 EPS.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.76 by $0.29. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted ($0.29) EPS. Seagate Technology’s revenue was up 17.8% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Robert W. Baird upped their target price on Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. TD Cowen lifted their target price on shares of Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Evercore ISI increased their price target on shares of Seagate Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, Bank of America reaffirmed a “buy” rating and issued a $110.00 target price on shares of Seagate Technology in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Hold” and an average price target of $115.94.

Seagate Technology Stock Performance

Seagate Technology stock opened at $99.10 on Monday. Seagate Technology has a fifty-two week low of $62.43 and a fifty-two week high of $113.57. The company has a market cap of $20.81 billion, a PE ratio of -76.82 and a beta of 1.02. The business’s 50-day simple moving average is $101.56 and its two-hundred day simple moving average is $93.50.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be issued a $0.70 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. Seagate Technology’s dividend payout ratio is currently -217.05%.

Insiders Place Their Bets

In other news, SVP John Christopher Morris sold 11,158 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total value of $1,004,220.00. Following the transaction, the senior vice president now owns 17,767 shares in the company, valued at approximately $1,599,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Seagate Technology news, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the transaction, the senior vice president now directly owns 17,767 shares of the company’s stock, valued at $1,599,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ban Seng Teh sold 9,703 shares of Seagate Technology stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total transaction of $921,785.00. Following the completion of the transaction, the executive vice president now directly owns 15,185 shares in the company, valued at approximately $1,442,575. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,648 shares of company stock worth $4,705,816. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund boosted its stake in Seagate Technology by 68.8% in the fourth quarter. New York State Common Retirement Fund now owns 143,049 shares of the data storage provider’s stock valued at $12,212,000 after acquiring an additional 58,300 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Seagate Technology by 8.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,941 shares of the data storage provider’s stock valued at $593,000 after purchasing an additional 561 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Seagate Technology during the fourth quarter worth $230,000. Bessemer Group Inc. lifted its holdings in shares of Seagate Technology by 68.7% in the first quarter. Bessemer Group Inc. now owns 17,564 shares of the data storage provider’s stock valued at $1,634,000 after purchasing an additional 7,150 shares in the last quarter. Finally, Chapin Davis Inc. boosted its position in Seagate Technology by 210.8% during the 1st quarter. Chapin Davis Inc. now owns 29,152 shares of the data storage provider’s stock worth $2,713,000 after acquiring an additional 19,773 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.