Seagate Technology (NASDAQ:STX) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Seagate Technology (NASDAQ:STX - Get Free Report) posted its quarterly earnings results on Tuesday. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15, Briefing.com reports. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. Seagate Technology updated its Q4 2025 guidance to 2.200-2.600 EPS.

Seagate Technology Stock Up 3.0 %

Shares of NASDAQ STX traded up $2.66 during midday trading on Friday, hitting $92.67. The stock had a trading volume of 1,147,629 shares, compared to its average volume of 2,832,562. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $115.32. The company has a fifty day moving average price of $83.39 and a 200 day moving average price of $93.08. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 16.91 and a beta of 1.31.

Seagate Technology Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, June 25th. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley reduced their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Citigroup reduced their target price on Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Northland Securities restated an "outperform" rating and set a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Barclays increased their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.89.

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.