Seagate Technology (NASDAQ:STX) Issues Q1 2025 Earnings Guidance

Seagate Technology (NASDAQ:STX) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.400-1.400 for the period, compared to the consensus estimate of 1.440. The company issued revenue guidance of -.

Seagate Technology Price Performance

Shares of STX traded up $0.27 during trading hours on Wednesday, hitting $102.53. The stock had a trading volume of 2,372,825 shares, compared to its average volume of 2,578,497. Seagate Technology has a 12 month low of $62.43 and a 12 month high of $113.57. The stock has a fifty day moving average price of $101.43 and a 200 day moving average price of $96.08. The firm has a market capitalization of $21.58 billion, a PE ratio of -79.27 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.29. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted ($0.29) EPS. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, analysts anticipate that Seagate Technology will post 6.72 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.73%. Seagate Technology’s dividend payout ratio is currently -217.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STX shares. Northland Securities boosted their price objective on shares of Seagate Technology from $119.00 to $142.00 and gave the company an outperform rating in a research report on Wednesday, July 24th. Cantor Fitzgerald upped their price target on Seagate Technology from $120.00 to $125.00 and gave the stock a neutral rating in a research report on Wednesday, July 24th. Wedbush lifted their price objective on Seagate Technology from $100.00 to $130.00 and gave the company an outperform rating in a research report on Monday, July 22nd. Morgan Stanley increased their target price on shares of Seagate Technology from $115.00 to $133.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their target price on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an equal weight rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $115.94.

Insider Transactions at Seagate Technology

In other news, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the completion of the transaction, the executive vice president now directly owns 5,387 shares in the company, valued at approximately $592,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $94.54, for a total value of $2,435,350.40. Following the completion of the transaction, the chief financial officer now owns 52,620 shares of the company’s stock, valued at approximately $4,974,694.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 10,117 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the completion of the sale, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at $592,570. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,627 shares of company stock valued at $5,489,495. 0.89% of the stock is currently owned by insiders.

Seagate Technology Company Profile

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.