Zacks Research Issues Optimistic Forecast for STX Earnings

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Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) - Analysts at Zacks Research increased their Q1 2026 EPS estimates for Seagate Technology in a research report issued to clients and investors on Tuesday, August 19th. Zacks Research analyst Team now forecasts that the data storage provider will post earnings per share of $2.10 for the quarter, up from their prior estimate of $1.90. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Seagate Technology's Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $2.23 EPS, Q4 2026 earnings at $2.59 EPS, FY2026 earnings at $9.02 EPS, Q1 2027 earnings at $2.53 EPS, Q2 2027 earnings at $2.69 EPS, Q3 2027 earnings at $2.87 EPS, Q4 2027 earnings at $3.10 EPS, FY2027 earnings at $11.20 EPS and FY2028 earnings at $13.10 EPS.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the firm earned $1.05 earnings per share. The business's revenue for the quarter was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS.

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A number of other brokerages have also recently issued reports on STX. UBS Group raised their price objective on shares of Seagate Technology from $85.00 to $155.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. TD Cowen raised their price objective on shares of Seagate Technology from $135.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald upgraded shares of Seagate Technology from a "neutral" rating to an "overweight" rating and set a $175.00 target price on the stock in a report on Wednesday, July 30th. Robert W. Baird increased their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Bank of America increased their target price on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.44.

View Our Latest Research Report on STX

Seagate Technology Stock Performance

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Shares of STX stock opened at $154.60 on Friday. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $159.36. The stock has a market cap of $32.88 billion, a PE ratio of 22.84, a PEG ratio of 1.00 and a beta of 1.50. The firm's 50 day moving average price is $147.04 and its two-hundred day moving average price is $112.89.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is presently 42.54%.

Seagate Technology declared that its board has authorized a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 21.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.75, for a total transaction of $3,075,000.00. Following the sale, the chief executive officer directly owned 478,912 shares in the company, valued at $73,632,720. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ban Seng Teh sold 1,724 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $151.61, for a total transaction of $261,375.64. Following the sale, the executive vice president owned 6,147 shares in the company, valued at approximately $931,946.67. The trade was a 21.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 343,414 shares of company stock valued at $43,661,770. Insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STX. Ameriflex Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at $26,000. Elequin Capital LP bought a new position in Seagate Technology in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new position in Seagate Technology in the fourth quarter valued at $27,000. Harbor Asset Planning Inc. bought a new position in Seagate Technology in the second quarter valued at $27,000. Finally, Rakuten Securities Inc. grew its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

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.

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