Equities analysts expect Seagate Technology PLC (NASDAQ:STX) to announce earnings of $1.24 per share for the current quarter, Zacks reports. Three analysts have made estimates for Seagate Technology’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $0.92. Seagate Technology reported earnings per share of $1.10 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The business is expected to issue its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Seagate Technology will report full-year earnings of $4.86 per share for the current year, with EPS estimates ranging from $4.50 to $5.01. For the next year, analysts anticipate that the firm will post earnings of $4.88 per share, with EPS estimates ranging from $4.06 to $5.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Seagate Technology.
Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Monday, January 29th. The data storage provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. Seagate Technology’s revenue was up .7% compared to the same quarter last year.
In other news, insider Philip G. Brace sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $46.44, for a total transaction of $557,280.00. Following the sale, the insider now directly owns 27,069 shares in the company, valued at approximately $1,257,084.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen J. Luczo sold 341,738 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total value of $18,795,590.00. The disclosure for this sale can be found here. Insiders have sold a total of 779,394 shares of company stock valued at $41,495,557 in the last quarter. Company insiders own 0.87% of the company’s stock.
Several large investors have recently bought and sold shares of STX. Avestar Capital LLC acquired a new stake in Seagate Technology in the 4th quarter worth about $100,000. WFG Advisors LP boosted its holdings in Seagate Technology by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock worth $142,000 after buying an additional 3,638 shares during the last quarter. Balentine LLC boosted its holdings in Seagate Technology by 56.8% in the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after buying an additional 1,619 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Seagate Technology in the 4th quarter worth about $174,000. Finally, SpiderRock Advisors LLC boosted its holdings in Seagate Technology by 2,419.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after buying an additional 5,347 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.
Shares of Seagate Technology (NASDAQ STX) traded down $0.10 during trading hours on Friday, reaching $51.42. The company had a trading volume of 2,738,500 shares, compared to its average volume of 5,532,661. Seagate Technology has a 52 week low of $30.60 and a 52 week high of $56.45. The company has a market capitalization of $14,880.00, a PE ratio of 23.48, a P/E/G ratio of 0.68 and a beta of 1.88. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.25 and a current ratio of 1.58.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 dividend on an annualized basis and a yield of 4.90%. Seagate Technology’s dividend payout ratio (DPR) is 115.07%.
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About Seagate Technology
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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