Seagate Technology (STX) Projected to Announce Earnings on Tuesday

Key Points

• Seagate is expected to report Q1 fiscal 2027 results on October 27 after the market close, with analysts forecasting $7.41 in EPS and $4.14 billion in revenue. The company’s guidance is $7.10–$7.50 per share.
• The company exceeded expectations in its prior quarter, reporting $5.71 EPS and $3.63 billion in revenue, while revenue increased 48.5% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $973.40 price target, though insiders sold approximately $378.8 million of stock during the last quarter.

Seagate Technology (NASDAQ:STX - Get Free Report) is expected to be releasing its Q1 2027 results after the market closes on Tuesday, October 27th. Analysts expect the company to announce earnings of $7.41 per share and revenue of $4.14 billion for the quarter. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Investors can find conference call details on the company's upcoming Q1 2027 earnings summary page for the latest details on the call scheduled for Tuesday, October 27, 2026 at 5:00 PM ET.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm's quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 EPS. On average, analysts expect Seagate Technology to post $35.70 EPS for the current fiscal year and $57.82 EPS for the next fiscal year.

Seagate Technology Price Performance

Seagate Technology stock opened at $660.81 on Tuesday. The stock has a market cap of $150.26 billion, a price-to-earnings ratio of 43.15 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology has a 1 year low of $209.00 and a 1 year high of $1,145.00. The firm has a 50-day moving average of $839.57 and a two-hundred day moving average of $806.45.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is 21.33%.

Insider Activity

In related news, EVP Ban Teh sold 52,730 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the transaction, the executive vice president directly owned 5,810 shares of the company's stock, valued at $4,543,884.80. This represents a 90.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer owned 70,756 shares of the company's stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 466,959 shares of company stock worth $378,840,741 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STX. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,300.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. Rosenblatt Securities raised their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. TD Cowen raised their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Wells Fargo & Company decreased their target price on Seagate Technology from $1,180.00 to $865.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Wall Street Zen raised Seagate Technology from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus target price of $973.40.

Seagate Technology Company Profile

Seagate Technology Holdings plc NASDAQ: STX is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.

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