Seagate Technology (NASDAQ:STX) Issues Q3 Earnings Guidance

Seagate Technology (NASDAQ:STX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.50-1.90 for the period, compared to the consensus EPS 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 Price Performance

Shares of NASDAQ STX opened at $108.18 on Thursday. Seagate Technology has a 1 year low of $82.31 and a 1 year high of $115.32. The stock has a market capitalization of $22.88 billion, a P/E ratio of 19.78 and a beta of 1.06. The company has a 50-day moving average price of $94.55 and a 200-day moving average price of $100.33.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.28. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Seagate Technology had a negative return on equity of 58.59% and a net margin of 14.67%. The business’s revenue was up 49.1% on a year-over-year basis. During the same period last year, the business earned ($0.34) EPS. As a group, equities research analysts anticipate that Seagate Technology will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

STX has been the subject of several research reports. Barclays increased their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday. Rosenblatt Securities upped their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI upped their target price on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Northland Securities reiterated an “outperform” rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Buying and Selling

In other news, SVP Kian Fatt Chong sold 9,182 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $105.50, for a total transaction of $968,701.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,073 shares of company stock worth $5,106,149. 0.81% of the stock is owned by corporate insiders.

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.