Seagate Technology PLC (STX) Set to Announce Earnings on Thursday
Seagate Technology PLC (NYSE:STX) is scheduled to post its Q414 quarterly earnings results on Thursday, July 17th. Analysts expect Seagate Technology PLC to post earnings of $1.09 per share and revenue of $3.32 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Seagate Technology PLC (NYSE:STX) last announced its earnings results on Tuesday, April 29th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.09. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the company posted $1.26 earnings per share. Seagate Technology PLC’s revenue was down 3.4% compared to the same quarter last year. On average, analysts expect Seagate Technology PLC to post $5.04 EPS for the current fiscal year and $5.51 EPS for the next fiscal year.
Seagate Technology PLC (NYSE:STX) opened at 59.69 on Wednesday. Seagate Technology PLC has a 1-year low of $37.17 and a 1-year high of $62.76. The stock has a 50-day moving average of $56.29 and a 200-day moving average of $54.17. The company has a market cap of $19.492 billion and a price-to-earnings ratio of 13.29.
A number of analysts have recently weighed in on STX shares. Analysts at Susquehanna initiated coverage on shares of Seagate Technology PLC in a research note on Monday. They set a “positive” rating and a $75.00 price target on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Seagate Technology PLC from $64.00 to $74.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Seagate Technology PLC from $60.00 to $62.00 in a research note on Tuesday, July 8th. They now have an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.37.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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