Seagate Technology (NASDAQ:STX) Releases Q3 Earnings Guidance

Seagate Technology (NASDAQ:STX) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.50-1.90 for the period, compared to the consensus estimate of $1.70. The company issued revenue guidance of $1.95-2.25 billion, compared to the consensus revenue estimate of $2.19 billion. Seagate Technology also updated its Q3 2025 guidance to 1.500-1.900 EPS.

Seagate Technology Trading Up 6.8 %

STX stock opened at $108.18 on Thursday. The firm has a market cap of $22.88 billion, a P/E ratio of 19.78 and a beta of 1.06. The business’s 50 day moving average is $94.55 and its 200-day moving average is $100.33. Seagate Technology has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 58.59% and a net margin of 14.67%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business posted ($0.34) earnings per share. The firm’s revenue for the quarter was up 49.1% compared to the same quarter last year. Sell-side analysts forecast that Seagate Technology will post 7.18 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Rosenblatt Securities boosted their price objective on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company cut their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Wednesday. UBS Group boosted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the sale, the director now owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the transaction, the chief executive officer now owns 642,497 shares of the company’s stock, valued at approximately $63,947,726.41. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,073 shares of company stock worth $5,106,149. 0.81% of the stock is owned by insiders.

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.