FY2026 Earnings Estimate for STX Issued By Cantor Fitzgerald

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Seagate Technology in a report issued on Monday, June 9th. Cantor Fitzgerald analyst C. Muse anticipates that the data storage provider will post earnings of $8.73 per share for the year. Cantor Fitzgerald has a "Neutral" rating and a $125.00 price target on the stock. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share.

STX has been the subject of several other reports. Barclays upped their target price on Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Citigroup increased their price objective on Seagate Technology from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. BNP Paribas Exane raised Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a report on Friday, May 16th. Morgan Stanley increased their price objective on Seagate Technology from $99.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, UBS Group increased their price objective on Seagate Technology from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average target price of $119.42.

Seagate Technology Stock Down 1.2%

Shares of NASDAQ:STX traded down $1.50 during trading on Tuesday, hitting $126.49. 4,552,603 shares of the company traded hands, compared to its average volume of 3,064,791. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 23.12 and a beta of 1.40. The business's fifty day moving average is $96.55 and its 200-day moving average is $94.76. Seagate Technology has a one year low of $63.19 and a one year high of $132.23.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The business's revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, June 25th. Seagate Technology's payout ratio is 41.62%.

Seagate Technology declared that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Seagate Technology news, Director Judy Bruner sold 10,446 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $108.71, for a total transaction of $1,135,584.66. Following the completion of the sale, the director now directly owns 12,268 shares in the company, valued at $1,333,654.28. This represents a 45.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 54,347 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $130.19, for a total transaction of $7,075,435.93. Following the sale, the chief executive officer now owns 515,677 shares of the company's stock, valued at $67,135,988.63. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 393,192 shares of company stock valued at $46,303,128 over the last three months. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in Seagate Technology during the fourth quarter worth about $26,000. Elequin Capital LP acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in Seagate Technology in the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC boosted its stake in Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after acquiring an additional 440 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

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.