Seagate Technology (NASDAQ:STX – Get Free Report) released its quarterly earnings results on Tuesday. The data storage provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04, Briefing.com reports. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business earned ($0.43) EPS. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. Seagate Technology updated its Q4 guidance to $0.50-0.90 EPS and its Q4 2024 guidance to 0.500-0.900 EPS.
Seagate Technology Price Performance
STX traded down $1.31 on Friday, reaching $85.95. 925,272 shares of the company’s stock were exchanged, compared to its average volume of 2,834,059. The stock has a market cap of $18.01 billion, a PE ratio of -67.64, a P/E/G ratio of 719.92 and a beta of 1.04. Seagate Technology has a twelve month low of $54.47 and a twelve month high of $101.26. The stock’s fifty day moving average price is $89.28 and its 200-day moving average price is $82.67.
Seagate Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be given a $0.70 dividend. The ex-dividend date is Thursday, June 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.26%. Seagate Technology’s dividend payout ratio (DPR) is -217.05%.
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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.
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