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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $125.00 target price on shares of Seagate Technology in a research note on Wednesday, October 23rd. Morgan Stanley reduced their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday. Northland Securities lifted their price objective on shares of Seagate Technology from $142.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI upped their price objective on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.71.

Seagate Technology Trading Up 3.7 %

STX opened at $101.25 on Wednesday. The firm’s 50-day moving average price is $94.32 and its 200 day moving average price is $100.28. Seagate Technology has a twelve month low of $82.31 and a twelve month high of $115.32. The firm has a market capitalization of $21.42 billion, a PE ratio of 26.44 and a beta of 1.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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 net margin of 11.34% and a negative return on equity of 32.19%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. Seagate Technology’s quarterly revenue was up 49.1% on a year-over-year basis. As a group, analysts predict that Seagate Technology will post 7.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jay L. Geldmacher sold 4,100 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $103.30, for a total value of $423,530.00. Following the sale, the director now directly owns 2,852 shares in the company, valued at approximately $294,611.60. This trade represents a 58.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’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 transaction of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,173 shares of company stock valued at $5,529,679 over the last quarter. 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.