Seagate Technology (NASDAQ:STX – Get Free Report) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.40 for the period, compared to the consensus earnings per share estimate of $1.16. The company issued revenue guidance of $2.07 billion, compared to the consensus revenue estimate of plus or minus $0.20.
Seagate Technology Trading Down 0.8 %
Shares of STX traded down $0.80 on Tuesday, reaching $105.38. The company’s stock had a trading volume of 3,161,892 shares, compared to its average volume of 2,571,350. Seagate Technology has a twelve month low of $57.32 and a twelve month high of $109.63. The stock has a market capitalization of $22.13 billion, a PE ratio of -81.46 and a beta of 1.02. The firm has a fifty day moving average of $100.63 and a 200-day moving average of $92.54.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned ($0.43) earnings per share. The firm’s revenue was down 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Seagate Technology will post 0.44 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Analysis on Seagate Technology
Insider Buying and Selling
In other Seagate Technology news, SVP John Christopher Morris sold 11,158 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total value of $1,004,220.00. Following the sale, the senior vice president now owns 17,767 shares of the company’s stock, valued at approximately $1,599,030. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Ban Seng Teh sold 10,742 shares of Seagate Technology stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $1,074,200.00. Following the sale, the executive vice president now owns 5,042 shares of the company’s stock, valued at approximately $504,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Christopher Morris sold 11,158 shares of Seagate Technology stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the sale, the senior vice president now directly owns 17,767 shares in the company, valued at approximately $1,599,030. The disclosure for this sale can be found here. Insiders have sold a total of 37,531 shares of company stock worth $3,592,946 in the last 90 days. 0.89% of the stock is owned by company 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.
Further Reading
- Five stocks we like better than Seagate Technology
- How to Invest in Blue Chip Stocks
- ScottsMiracle-Gro Stock Blooms After Investor Day Optimism
- Investing in the High PE Growth Stocks
- Leading Beverage Company’s Stock Bubbles Higher: Rally Ahead
- What does consumer price index measure?
- Can This Meme Stock Stage One Last Rally?
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.