Seagate Technology PLC (STX) Announces Quarterly Results
Seagate Technology PLC (NYSE:STX) issued its quarterly earnings data on Thursday. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.01, Analyst RN reports. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share.
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 a related note, 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Seagate Technology PLC has an average rating of “Buy” and an average price target of $61.37.
Shares of Seagate Technology PLC (NYSE:STX) traded down 2.95% on Thursday, hitting $59.50. The stock had a trading volume of 3,362,744 shares. Seagate Technology PLC has a 52 week low of $37.17 and a 52 week high of $62.76. The stock’s 50-day moving average is $56.43 and its 200-day moving average is $54.22. The company has a market cap of $19.430 billion and a P/E ratio of 13.66.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.81%.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.