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

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

Seagate Technology Trading Up 0.9 %

Shares of STX opened at $102.26 on Wednesday. The stock has a 50-day simple moving average of $101.44 and a 200-day simple moving average of $95.98. Seagate Technology has a 1 year low of $62.43 and a 1 year high of $113.57.

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

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.74%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s payout ratio is -217.05%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. Evercore ISI boosted their price target on shares of Seagate Technology from $110.00 to $125.00 and gave the company an outperform rating in a research report on Tuesday, July 16th. Morgan Stanley raised their price objective on Seagate Technology from $115.00 to $133.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Susquehanna boosted their target price on Seagate Technology from $55.00 to $65.00 and gave the company a negative rating in a report on Wednesday, July 24th. Finally, StockNews.com cut shares of Seagate Technology from a buy rating to a hold rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $115.94.

Insider Buying and Selling

In other Seagate Technology 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 directly owns 52,620 shares of the company’s stock, valued at $4,974,694.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other Seagate Technology news, CFO Gianluca Romano sold 25,760 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total value of $2,435,350.40. Following the sale, the chief financial officer now owns 52,620 shares of the company’s stock, valued at $4,974,694.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at approximately $592,570. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,627 shares of company stock valued at $5,489,495. Corporate insiders own 0.89% of the company’s stock.

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.