Analysts Anticipate Seagate Technology PLC (STX) to Post $0.99 EPS

Judith Bessette
Julho 27, 2017

The highest EPS estimate is $1.04 and the lowest is $0.95.

COPYRIGHT VIOLATION NOTICE: "Amalgamated Bank Takes Position in Seagate Technology PLC (NASDAQ:STX)" was first posted by Transcript Daily and is the property of of Transcript Daily. Equities analysts forecast that Seagate Technology PLC will post $4.00 earnings per share for the current year.

Yet another important factor while evaluating a good buy/sell decision for Seagate Technology plc (STX) is its Earnings per Share or EPS. The data storage provider reported $0.65 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.33. For the first quarter, the Firmstated revenue of $2.4 billion, gross margin of 27.7%, net income of $114 million and diluted earnings per share of $0.38. First Interstate Bancshares owns 0% invested in Seagate Technology PLC (NASDAQ:STX) for 99 shares.

STX's average Beneish M-Score: -3.31 during the last 7 years.

According to the analysts, Seagate Tech Ord Shs (NASDAQ:STX) is expected to announce $0.86/share EPS for the current quarter.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. Longbow Research lowered shares of Seagate Technology PLC from a "buy" rating to a "neutral" rating in a report on Tuesday.

Seagate Technology PLC (NASDAQ:STX) had its target price cut by Cowen and Company from $45.00 to $36.00 in a research note issued to investors on Wednesday. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock was sold at an average price of $43.26, for a total value of $131,510.40.

Forecast: Decent chance of rain tonight through Wednesday night
Today's forecast calls for partly sunny skies with a high near 83 and a 30 percent chance of thunderstorms after 4 p.m. Thursday: 50-percent chance of showers and thunderstorms; partly sunny skies with a near 87 and a low around 75.

In other Seagate Technology PLC news, Director Chong Sup Park sold 3,809 shares of the firm's stock in a transaction dated Tuesday, May 16th. While the company's share hit the 52 week high on 04/25/17 stationing the value of $50.96. The sale was disclosed in a document filed with the SEC, which is available through this link. RE MARK had sold 9,607 shares worth $417,616. Following the sale, the chief financial officer now owns 9,063 shares in the company, valued at $392,065.38. The disclosure for this sale can be found here. Insiders sold 16,456 shares of company stock worth $715,313 in the last 90 days.

A number of other equities research analysts also recently weighed in on STX.

Relative Strength Index (RSI) for Seagate Technology plc (STX) is at 24.79. Contravisory Investment Management Inc. now owns 105,926 shares of the data storage provider's stock worth $4,105,000 after buying an additional 100,432 shares during the last quarter. Scotia Capital stated it has 0.02% of its portfolio in Seagate Technology PLC (NASDAQ:STX). In addition to HDDs, the Company produces a range of electronic data storage products, including solid state hybrid drives (SSHDs), solid state drives (SSDs), peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Renaissance Technologies LLC boosted its stake in shares of Seagate Technology PLC by 1,387.8% in the first quarter. Raymond James Trust N.A. boosted its position in shares of Seagate Technology PLC by 3.3% in the first quarter. A beta of less than 1 indicates the stock will be less volatile than the market, and correspondingly, a beta of more than 1 indicates the stock's price will be more volatile than the market. Finally, Kentucky Retirement Systems bought a new stake in Seagate Technology PLC during the fourth quarter valued at about $816,000. Geode Capital Management LLC now owns 3,206,093 shares of the data storage provider's stock worth $147,067,000 after buying an additional 642,845 shares in the last quarter. Institutional investors own 87.14% of the company's stock. Juncture Wealth Strategies Ltd Liability has 0.29% invested in Seagate Technology PLC (NASDAQ:STX). 5,357,158 shares of the company were exchanged.

The stock last traded at $32.29 a tad under the 50 day moving average which is $40.54 and a tad below the 200 day moving average of $43.52. The company has market cap of $9.89 billion. Seagate Technology PLC also was the target of some unusual options trading on Monday. Dekabank Deutsche Girozentrale invested in 13,492 shares or 0.01% of the stock. This represents an increase of 363% compared to the average volume of 9,461 put options.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Presently, it has a Return on Equity (ROE) of 46.60% and Return on Investment (ROI) of 7.40%. Investors of record on Wednesday, September 20th will be given a dividend of $0.63 per share. Seagate Technology PLC's dividend payout ratio (DPR) is 103.70%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives.

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