Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) – Equity researchers at Zacks Research said in a research note issued to investors on Tuesday, Jan. 3 that Seagate Technology’s earnings per share for the fourth quarter of 2024 (EPS) estimates have been lowered. Zacks Research analyst V. Doshi expects his data storage provider to post earnings of $1.38 per share in the quarter, down from his previous forecast of $1.39. doing. Seagate Technology’s current consensus estimate for annual earnings is $1.47 per share.
Seagate Technology (NASDAQ:STX – Get Rating) announced final results on Wednesday, October 26th. The data storage provider reported his earnings per share (EPS) of $0.37 for the quarter. The company’s revenue for the quarter was $2.04 billion, compared to consensus expectations of $2.11 billion. Seagate Technology’s return on equity was 716.97% and net profit margin was 10.89%. Seagate Technology’s revenue decreased by 34.7% compared to the same period last year. During the same quarter last year, the business posted his EPS of $2.27.
Other analysts have also published research reports on the company. Goldman Sachs Group lowered Seagate Technology’s price target from $71.00 to $61.00 in its research notes on Friday, October 28, giving the stock a “neutral” rating. Morgan Stanley lowered its price target for Seagate Technology stock from $57.00 to $54.00 in a research report on Thursday, October 27, and gave the company an “equal weight” rating. StockNews.com began covering Seagate Technology shares in a research report on Wednesday, October 12th. They put a “Hold” rating on the stock. TheStreet downgraded Seagate Technology’s rating from ‘b-‘ to ‘c’ in a report on Wednesday, October 26. Finally, Credit Suisse Group lowered Seagate Technology’s target price from $65.00 to $60.00 and set the company’s rating to “neutral” in a report on Thursday, October 27. 1 research analyst gave a sell rating, 18 gave a hold rating, and 7 gave a buy rating. According to MarketBeat.com data, Seagate Technology has a consensus rating of “pending” and an average target price of $70.17.
Seagate Technology deals up 1.9%
STX opened Friday at $53.49. The company has a debt to equity ratio of 46.44, a quick ratio of 0.68 and a current ratio of 1.19. The stock has a 50-day moving average price of $52.76 and a 200-day moving average price of $63.03. Seagate Technology has a year low of $47.47 and a year high of $117.03. The stock has a market capitalization of $11.04 billion, a price/earnings ratio of 10.29, a P/E/G ratio of 29.55 and a beta of 1.06.
Seagate Technology Dividend Announcement
The company recently announced a quarterly dividend, which was paid out on Thursday, January 5th. Shareholders of record on Wednesday, December 21 were paid a dividend of $0.70 per share. The ex-dividend date for this dividend was Tuesday, December 20. This represents his $2.80 dividend and his 5.23% yield on an annualized basis. Seagate Technology’s payout percentage is currently 53.85%.
institution inflow and outflow
Institutional investors recently changed their holdings in the company. Oakworth Capital Inc. In the second quarter he won a new position at Seagate Technology worth about $29,000. Hallmark Capital Management Inc. acquired Seagate Technology’s new position for his $32,000 in the second quarter. Ronald Blue Trust Inc. bought a new stake in Seagate Technology for his $33,000 in the second quarter. West Branch Capital LLC acquired a new stake in his Seagate Technology worth approximately $35,000 in the second quarter. Finally, Janiczek Wealth Management LLC increased Seagate Technology shares by 286.4% in the second quarter. Janiczek Wealth Management LLC now owns 541 shares of the data storage provider worth $43,000 after purchasing an additional 401 shares of him last quarter. 82.69% of the shares are currently owned by hedge funds and other institutional investors.
About Seagate Technology
Seagate Technology Holdings plc provides data storage technologies and solutions in Singapore, the United States, the Netherlands and internationally. It offers mass storage products such as 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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