Wedbush Predicts Reduced Earnings for Seagate Technology

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Equities research analysts at Wedbush lowered their FY2025 earnings per share estimates for Seagate Technology in a report released on Wednesday, April 30th. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings per share of $7.07 for the year, down from their prior estimate of $7.14. Wedbush currently has a "Outperform" rating and a $140.00 price target on the stock. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share. Wedbush also issued estimates for Seagate Technology's Q4 2025 earnings at $2.19 EPS, Q1 2026 earnings at $2.18 EPS, Q2 2026 earnings at $2.30 EPS, Q3 2026 earnings at $2.33 EPS, Q4 2026 earnings at $2.92 EPS and FY2026 earnings at $9.72 EPS.

A number of other research firms have also recently issued reports on STX. The Goldman Sachs Group decreased their target price on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Susquehanna upped their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Seagate Technology from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Mizuho dropped their target price on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley decreased their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.89.

Seagate Technology Stock Down 0.2 %

Shares of STX stock traded down $0.22 during trading hours on Monday, reaching $96.08. The company's stock had a trading volume of 633,388 shares, compared to its average volume of 2,861,768. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 17.56 and a beta of 1.32. The firm's 50 day simple moving average is $82.78 and its 200-day simple moving average is $92.47.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued 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 analysts' expectations of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The business's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently bought and sold shares of the business. Berkshire Bank raised its stake in Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after purchasing an additional 103 shares during the last quarter. MWA Asset Management raised its position in shares of Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock valued at $1,695,000 after buying an additional 104 shares during the last quarter. Johnson Financial Group Inc. boosted its position in Seagate Technology by 22.7% during the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock worth $52,000 after acquiring an additional 112 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after acquiring an additional 113 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Seagate Technology by 2.3% in the 4th quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider's stock worth $431,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, June 25th. Seagate Technology's payout ratio is currently 41.62%.

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.