Seagate Technology PLC (NASDAQ:STX) Expected To Report Earnings On Monday

It doesn't indicate the likely direction of the stock price, just the likelihood that the stock will move.

Several research firms have issued reports on STX.

Seagate Technology PLC - Ordina has a beta of 1.66 meaning it is more volatile than the overall market which definitionaly has a beta of 1. Finally, Zacks Investment Research lowered Seagate Technology PLC from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 20th.

Seagate shares have decreased 8.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 15 percent.

Seagate Technology PLC (NASDAQ:STX) closed the last session at $34.94 and sees an average of 4163769.5 shares trade hands in each session.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock.

On July 26 Citigroup held the company rating at "Neutral" and lowered the price target to $36.00 from $37.00.

Having a price of $39.35, Seagate Tech (NASDAQ:STX) traded 12.51% higher on the day. Seagate Technology PLC has a 1-year low of $30.60 and a 1-year high of $50.96. The 50 day moving average was up $5.18 or +15.5693% and the 200 day average moved up $0.19.

The P/E ratio is now 14.9031 and the market value is 11.07B.

Seagate Technology PLC (NASDAQ:STX) last issued its quarterly earnings data on Monday, October 23rd. As of the last earnings report the EPS was $2.58 and is estimated to be $3.63 for the current year with 287,830,000 shares now outstanding. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The firm's revenue for the quarter was down 5.9% compared to the same quarter a year ago. In contrast to the year ago quarter EPS was at 0.89. Analysts expect next quarter's EPS to be $1.03 with next year's EPS anticipated to be $3.81. Intact Investment holds 0.01% in Seagate Technology PLC (NASDAQ:STX) or 8,100 shares.

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The company recently declared a dividend for shareholders which was paid on Wednesday July 5th, 2017.

On 10/23/2017 announced a quarterly dividend of $0.63 with an ex dividend date of which will be payable on 12/20/2017. This represents a $2.52 dividend on an annualized basis and a yield of 6.40%.

In related news, insider Philip G. Brace purchased 1,000 shares of the company's stock in a transaction dated Tuesday, August 1st. The total value of its holdings decreased 3.6%. Following the acquisition, the insider now directly owns 62,855 shares of the company's stock, valued at approximately $2,095,585.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company's stock. LLC now owns 3,490 shares of the data storage provider's stock valued at $160,000 after purchasing an additional 789 shares in the last quarter. ValueAct Holdings L.P. lifted its stake in Seagate Technology PLC by 44.8% in the second quarter. Gilman Hill Asset Management LLC now owns 145,235 shares of the data storage provider's stock valued at $4,817,000 after acquiring an additional 129,132 shares in the last quarter. CA grew its stake in Seagate Technology PLC by 7.9% during the third quarter. Rodgers Brothers Inc who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $11.34 billion market cap company. Vanguard Group Inc. now owns 33,412,003 shares of the data storage provider's stock valued at $1,294,716,000 after buying an additional 2,292,075 shares during the period. The Massachusetts-based Geode Cap Mngmt Ltd Llc has invested 0.05% in Seagate Technology PLC (NASDAQ:STX). Renaissance Technologies LLC now owns 1,292,893 shares of the data storage provider's stock valued at $59,383,000 after buying an additional 1,205,993 shares during the period.

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