Seagate Technology Holdings plc to Post Q1 2025 Earnings of $1.31 Per Share, Wedbush Forecasts (NASDAQ:STX)

Seagate Technology Holdings plc (NASDAQ:STX) – Equities research analysts at Wedbush cut their Q1 2025 earnings estimates for Seagate Technology in a note issued to investors on Wednesday, July 24th. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of $1.31 per share for the quarter, down from their prior forecast of $1.50. Wedbush has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.21 per share. Wedbush also issued estimates for Seagate Technology’s Q2 2025 earnings at $2.03 EPS, Q3 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.48 EPS, FY2025 earnings at $8.09 EPS, Q1 2026 earnings at $2.53 EPS, Q2 2026 earnings at $2.80 EPS, Q3 2026 earnings at $3.16 EPS, Q4 2026 earnings at $3.69 EPS and FY2026 earnings at $12.19 EPS.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.29. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) EPS.

Other research analysts have also recently issued reports about the stock. Citigroup lifted their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on shares of Seagate Technology from $96.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.94.

Seagate Technology Stock Performance

Shares of STX opened at $99.10 on Monday. Seagate Technology has a 1 year low of $62.43 and a 1 year high of $113.57. The company’s 50 day simple moving average is $101.56 and its 200 day simple moving average is $93.50. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of -76.82 and a beta of 1.02.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently modified their holdings of STX. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Seagate Technology during the 4th quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Seagate Technology in the fourth quarter worth approximately $28,000. Northwest Financial Advisors bought a new stake in shares of Seagate Technology in the fourth quarter worth $31,000. Family Firm Inc. bought a new stake in shares of Seagate Technology during the 2nd quarter valued at about $41,000. Finally, Valley National Advisers Inc. increased its holdings in Seagate Technology by 39.7% during the fourth quarter. Valley National Advisers Inc. now owns 507 shares of the data storage provider’s stock valued at $43,000 after buying an additional 144 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP John Christopher Morris sold 11,158 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total value of $1,004,220.00. Following the transaction, the senior vice president now owns 17,767 shares in the company, valued at $1,599,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the completion of the transaction, the senior vice president now owns 17,767 shares in the company, valued at approximately $1,599,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 9,703 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total value of $921,785.00. Following the sale, the executive vice president now owns 15,185 shares in the company, valued at $1,442,575. The disclosure for this sale can be found here. Insiders sold a total of 47,648 shares of company stock worth $4,705,816 in the last three months. Company insiders own 0.89% of the company’s stock.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.83%. Seagate Technology’s payout ratio is presently -217.05%.

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.