FY2026 Earnings Estimate for STX Issued By Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has increased its FY2026 earnings per share estimate for Seagate Technology from $8.73 to $9.15, maintaining an "Overweight" rating and a price target of $175.00.
• The company recently reported quarterly earnings of $2.59 per share, exceeding analysts' expectations and showing a 29.5% increase in revenue year-over-year.
• Seagate Technology declared a quarterly dividend of $0.72 per share, with a total annualized dividend yield of 1.95%, scheduled for payment on October 9th.

Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) - Investment analysts at Cantor Fitzgerald lifted their FY2026 earnings per share estimates for shares of Seagate Technology in a research note issued to investors on Wednesday, July 30th. Cantor Fitzgerald analyst C. Muse now expects that the data storage provider will earn $9.15 per share for the year, up from their prior estimate of $8.73. Cantor Fitzgerald currently has a "Overweight" rating and a $175.00 target price 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. Rosenblatt Securities upped their price target on shares of Seagate Technology from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday. Susquehanna raised their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a report on Wednesday. Citigroup lifted their target price on shares of Seagate Technology from $140.00 to $170.00 and gave the company a "buy" rating in a report on Friday, July 11th. Barclays lifted their target price on shares of Seagate Technology from $90.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, UBS Group upped their price objective on Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and an average price target of $151.44.

Seagate Technology Stock Performance

STX stock traded down $2.20 during midday trading on Thursday, reaching $154.81. 3,827,283 shares of the company's stock traded hands, compared to its average volume of 4,170,483. The company has a 50-day moving average price of $138.28 and a two-hundred day moving average price of $107.69. The firm has a market capitalization of $32.85 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.50. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $157.45.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Seagate Technology during the 4th quarter valued at about $26,000. Elequin Capital LP acquired a new position in shares of Seagate Technology in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Seagate Technology during the fourth quarter worth approximately $27,000. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the second quarter worth approximately $27,000. Finally, Wayfinding Financial LLC bought a new position in Seagate Technology during the first quarter valued at approximately $31,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 1,725 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $144.00, for a total value of $248,400.00. Following the sale, the executive vice president owned 12,052 shares of the company's stock, valued at $1,735,488. This represents a 12.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie Tilenius sold 2,693 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.04, for a total transaction of $344,811.72. Following the completion of the transaction, the director directly owned 12,244 shares of the company's stock, valued at approximately $1,567,721.76. This represents a 18.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 395,516 shares of company stock valued at $47,831,398. Corporate insiders own 0.81% of the company's stock.

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

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.9%. Seagate Technology's payout ratio is currently 42.54%.

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.