Seagate Technology (STX) Projected to Post Earnings on Tuesday

Seagate Technology (NASDAQ:STX) is projected to post its Q1 2027 results after the market closes on Tuesday, October 27th. Analysts expect Seagate Technology to post earnings of $7.41 per share and revenue of $4.14 billion for the quarter. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Interested persons may review the information on the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Tuesday, October 27, 2026 at 5:00 PM ET.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company posted $2.59 earnings per share. The business’s quarterly revenue was up 48.5% on a year-over-year basis. On average, analysts expect Seagate Technology to post $35.70 EPS for the current fiscal year and $57.82 EPS for the next fiscal year.

Seagate Technology Trading Up 3.4%

NASDAQ:STX opened at $660.81 on Tuesday. Seagate Technology has a 12 month low of $209.00 and a 12 month high of $1,145.00. The firm has a fifty day simple moving average of $839.57 and a 200-day simple moving average of $806.45. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $150.26 billion, a P/E ratio of 43.15 and a beta of 2.06.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STX. Barclays raised their target price on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Rosenblatt Securities boosted their price target on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley boosted their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company cut their price objective on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a report on Friday. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $973.40.

Insider Buying and Selling at Seagate Technology

In other news, CEO William Mosley sold 11,002 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $935.60, for a total value of $10,293,471.20. Following the sale, the chief executive officer owned 362,108 shares in the company, valued at $338,788,244.80. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the transaction, the executive vice president directly owned 22,693 shares of the company’s stock, valued at approximately $19,922,411.63. This trade represents a 29.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 466,959 shares of company stock valued at $378,840,741. 0.51% of the stock is currently owned by insiders.

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.