Equities analysts predict that Seagate Technology PLC (NASDAQ:STX) will post earnings per share of $1.15 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Seagate Technology’s earnings, with the highest EPS estimate coming in at $1.31 and the lowest estimate coming in at $1.09. Seagate Technology reported earnings per share of $1.38 during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The company is expected to announce its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Seagate Technology will report full-year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.51 to $4.62. For the next fiscal year, analysts forecast that the firm will report earnings of $4.28 per share, with EPS estimates ranging from $3.58 to $5.00. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Seagate Technology.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a net margin of 7.41% and a return on equity of 84.50%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Seagate Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Vetr raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating and set a $45.50 price objective on the stock in a research report on Monday, December 4th. Finally, FBN Securities reissued a “sector perform” rating and set a $40.00 price objective (up from $32.00) on shares of Seagate Technology in a research report on Monday, October 23rd. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.53.

Seagate Technology (NASDAQ:STX) traded down $0.02 during mid-day trading on Monday, reaching $40.47. 3,740,724 shares of the company’s stock were exchanged, compared to its average volume of 5,137,003. Seagate Technology has a fifty-two week low of $30.60 and a fifty-two week high of $50.96. The stock has a market cap of $11,714.51, a PE ratio of 9.90, a PEG ratio of 0.54 and a beta of 1.67. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Tuesday, December 19th. Seagate Technology’s payout ratio is 95.09%.

In other Seagate Technology news, insider Jeffrey D. Nygaard purchased 5,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were acquired at an average price of $37.38 per share, for a total transaction of $186,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward J. Zander sold 15,089 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $38.79, for a total value of $585,302.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,481 shares of company stock valued at $1,655,011. Corporate insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of STX. WFG Advisors LP boosted its position in Seagate Technology by 16,536.4% in the 2nd quarter. WFG Advisors LP now owns 3,660 shares of the data storage provider’s stock worth $142,000 after purchasing an additional 3,638 shares in the last quarter. Balentine LLC boosted its position in Seagate Technology by 56.8% in the 3rd quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after purchasing an additional 1,619 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Seagate Technology in the 2nd quarter worth approximately $150,000. SpiderRock Advisors LLC boosted its position in Seagate Technology by 2,419.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,568 shares of the data storage provider’s stock worth $184,000 after purchasing an additional 5,347 shares in the last quarter. Finally, Putnam FL Investment Management Co. purchased a new stake in Seagate Technology in the 3rd quarter worth approximately $215,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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About Seagate Technology

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

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