Seagate Technology (NASDAQ:STX) Updates Q2 2025 Earnings Guidance

Seagate Technology (NASDAQ:STX) issued an update on its second quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.650-2.050 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of $2.2 billion-$2.5 billion, compared to the consensus revenue estimate of $2.1 billion. Seagate Technology also updated its Q2 guidance to $1.65-2.05 EPS.

Seagate Technology Stock Performance

Shares of NASDAQ:STX traded up $0.23 during trading hours on Tuesday, hitting $112.64. The stock had a trading volume of 3,152,501 shares, compared to its average volume of 2,486,781. The stock’s fifty day simple moving average is $104.63 and its 200 day simple moving average is $99.37. The firm has a market capitalization of $23.71 billion, a price-to-earnings ratio of 72.99 and a beta of 1.04. Seagate Technology has a 1-year low of $64.12 and a 1-year high of $115.32.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.32. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned ($0.34) EPS. The firm’s revenue for the quarter was up 49.1% on a year-over-year basis. As a group, research analysts anticipate that Seagate Technology will post 7.09 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Sunday, December 15th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.56%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio is currently 181.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Rosenblatt Securities boosted their target price on Seagate Technology from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price target on Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup boosted their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Northland Securities raised their target price on Seagate Technology from $119.00 to $142.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.94.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $107.68, for a total value of $2,153,600.00. Following the completion of the sale, the chief executive officer now directly owns 648,616 shares of the company’s stock, valued at $69,842,970.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the transaction, the director now owns 3,034 shares in the company, valued at $291,567.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $107.68, for a total value of $2,153,600.00. Following the sale, the chief executive officer now owns 648,616 shares of the company’s stock, valued at approximately $69,842,970.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 223,284 shares of company stock worth $23,800,887 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.