Seagate Technology (STX) Given Media Sentiment Score of 0.11
News stories about Seagate Technology (NASDAQ:STX) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seagate Technology earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the data storage provider an impact score of 42.6927929485289 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Overcome Concerns on Long-Term Commitments: Seagate Technology plc (NASDAQ:STX) – Stock News Stop (stockmarketstop.com)
- Cash Dividend On The Way From Seagate Technology (STX) (nasdaq.com)
- Seagate Technology plc (NASDAQ:STX) – May This Data Fuel Up Investor’s Confidence – Nasdaq Journal (press release) (nasdaqjournal.com)
- Seagate Technology plc (STX) Wondering to Grab Passive Attentions on Strong Long-Term Obligations – Stock News Stop (stockmarketstop.com)
- Stock Active Momentum: Seagate Technology plc (NASDAQ:STX) – The Stock Street (press release) (thestreetpoint.com)
A number of equities research analysts have weighed in on STX shares. Cowen reiterated a “hold” rating and set a $36.00 price target on shares of Seagate Technology in a research note on Friday, October 13th. BidaskClub cut Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Jefferies Group set a $29.00 price objective on Seagate Technology and gave the company a “hold” rating in a report on Sunday, October 15th. Mizuho reissued a “hold” rating and set a $36.00 price objective on shares of Seagate Technology in a report on Monday, October 9th. Finally, Barclays lifted their price objective on Seagate Technology from $29.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.53.
Shares of Seagate Technology (NASDAQ STX) traded up $0.08 on Friday, hitting $42.02. The company had a trading volume of 6,241,773 shares, compared to its average volume of 4,015,567. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.96 and a quick ratio of 1.55. Seagate Technology has a 1-year low of $30.60 and a 1-year high of $50.96. The firm has a market cap of $12,134.02, a price-to-earnings ratio of 10.25, a PEG ratio of 0.56 and a beta of 1.67.
Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the firm earned $0.99 EPS. Seagate Technology’s quarterly revenue was down 5.9% compared to the same quarter last year. research analysts anticipate that Seagate Technology will post 3.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Tuesday, December 19th. Seagate Technology’s payout ratio is 95.09%.
In other Seagate Technology news, Director Edward J. Zander sold 15,089 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $38.79, for a total value of $585,302.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Philip G. Brace sold 5,403 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.79, for a total value of $198,776.37. Following the completion of the sale, the insider now owns 33,069 shares in the company, valued at approximately $1,216,608.51. The disclosure for this sale can be found here. Insiders sold a total of 42,481 shares of company stock worth $1,655,011 in the last 90 days. Company insiders own 0.87% of the company’s stock.
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Seagate Technology Company Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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