Seagate Technology (STX) Expected to Announce Earnings on Tuesday

Seagate Technology (NASDAQ:STX - Get Free Report) is projected to release its Q4 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Seagate Technology to post earnings of $2.45 per share and revenue of $2.40 billion for the quarter. Seagate Technology has set its Q4 2025 guidance at 2.200-2.600 EPS.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.15. Seagate Technology had a net margin of 17.49% and a negative return on equity of 105.02%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The business's revenue was up 30.5% on a year-over-year basis. On average, analysts expect Seagate Technology to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Seagate Technology Stock Performance

Shares of STX opened at $149.08 on Tuesday. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $152.16. The firm's 50 day moving average price is $124.06 and its two-hundred day moving average price is $101.44. The firm has a market cap of $31.64 billion, a P/E ratio of 21.54 and a beta of 1.45.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th were issued a $0.72 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.93%. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

Seagate Technology announced that its board has initiated a share buyback plan on Thursday, May 22nd that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to purchase up to 21.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Bank of America boosted their target price on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group initiated coverage on shares of Seagate Technology in a report on Thursday, July 10th. They set a "buy" rating and a $170.00 target price on the stock. Rosenblatt Securities restated a "buy" rating and set a $130.00 target price on shares of Seagate Technology in a report on Friday, May 23rd. Finally, BNP Paribas upgraded shares of Seagate Technology from a "strong sell" rating to a "hold" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 63,418 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $125.00, for a total value of $7,927,250.00. Following the completion of the sale, the executive vice president owned 14,658 shares of the company's stock, valued at $1,832,250. This represents a 81.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $109.47, for a total value of $7,662,900.00. Following the completion of the sale, the chief executive officer directly owned 485,677 shares of the company's stock, valued at approximately $53,167,061.19. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 393,791 shares of company stock worth $47,582,998 over the last three months. Company insiders own 0.81% of the company's stock.

Institutional Trading of Seagate Technology

A hedge fund recently raised its stake in Seagate Technology stock. Integrated Wealth Concepts LLC grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 168.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,177 shares of the data storage provider's stock after purchasing an additional 4,499 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Seagate Technology were worth $610,000 at the end of the most recent quarter. Institutional investors own 92.87% 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.

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