News articles about Seagate Technology (NASDAQ:STX) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Seagate Technology earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the data storage provider an impact score of 45.6540526468957 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Stock Picks: STX and RRC (hacked.com)
- These Are Western Digital’s Key Growth Drivers in Fiscal 2018 (finance.yahoo.com)
- After Mario Draghi's QE high wire act, traders focus on Trump's tariff signing today (finance.yahoo.com)
- Don’t Buy Bitcoin, But Consider Nvidia and Seagate Technology (finance.yahoo.com)
- At $58.88, Is Seagate Technology plc (NASDAQ:STX) A Buy? (finance.yahoo.com)
STX has been the subject of a number of research analyst reports. Wells Fargo & Co initiated coverage on shares of Seagate Technology in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $38.00 price target for the company. Vetr lowered shares of Seagate Technology from a “buy” rating to a “hold” rating and set a $41.79 price target for the company. in a research report on Thursday, November 23rd. ValuEngine raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Zacks Investment Research lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Seagate Technology has an average rating of “Hold” and an average target price of $50.60.
Seagate Technology (NASDAQ:STX) opened at $59.68 on Wednesday. Seagate Technology has a twelve month low of $30.60 and a twelve month high of $61.19. The company has a current ratio of 1.58, a quick ratio of 1.25 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $17,149.46, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.84.
Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Monday, January 29th. The data storage provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Seagate Technology had a return on equity of 93.35% and a net margin of 6.10%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts forecast that Seagate Technology will post 4.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 annualized dividend and a yield of 4.22%. Seagate Technology’s dividend payout ratio (DPR) is presently 114.55%.
In other news, Director Chong Sup Park sold 4,026 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $54.22, for a total value of $218,289.72. Following the sale, the director now owns 8,715 shares in the company, valued at $472,527.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 40,263 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $48.78, for a total transaction of $1,964,029.14. Following the completion of the sale, the chief financial officer now owns 65,824 shares in the company, valued at approximately $3,210,894.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 810,048 shares of company stock worth $43,459,301. 0.87% of the stock is currently owned by corporate insiders.
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About Seagate Technology
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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