Seagate Technology (STX) to Release Quarterly Earnings on Monday

Seagate Technology (NASDAQ:STX) will be issuing its quarterly earnings data before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $1.15 per share for the quarter.

Shares of Seagate Technology (NASDAQ:STX) opened at $52.62 on Monday. Seagate Technology has a 12 month low of $30.60 and a 12 month high of $52.77. The firm has a market cap of $15,220.00, a PE ratio of 19.93, a PEG ratio of 0.75 and a beta of 1.68. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 4.03.

In other Seagate Technology news, insider Philip G. Brace sold 5,000 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $48.40, for a total value of $242,000.00. Following the completion of the transaction, the insider now directly owns 16,069 shares of the company’s stock, valued at $777,739.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dambisa F. Moyo sold 8,715 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $39.01, for a total transaction of $339,972.15. Following the completion of the transaction, the director now directly owns 3,316 shares of the company’s stock, valued at $129,357.16. The disclosure for this sale can be found here. Insiders have sold 191,835 shares of company stock valued at $9,000,960 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on STX shares. Cowen reiterated a “hold” rating and set a $36.00 target price on shares of Seagate Technology in a research note on Friday, October 13th. BidaskClub downgraded shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Jefferies Group set a $29.00 target price on shares of Seagate Technology and gave the stock a “hold” rating in a research note on Sunday, October 15th. Mizuho reiterated a “hold” rating and set a $36.00 target price on shares of Seagate Technology in a research note on Monday, October 9th. Finally, Barclays increased their target price on shares of Seagate Technology from $29.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.39.

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Seagate Technology Company Profile

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.

Earnings History for Seagate Technology (NASDAQ:STX)

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