Seagate Technology PLC (STX) to Issue Quarterly Dividend of $0.63 on January 3rd
Seagate Technology PLC (NASDAQ:STX) declared a quarterly dividend on Monday, October 23rd, RTT News reports. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.63 per share by the data storage provider on Wednesday, January 3rd. This represents a $2.52 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Tuesday, December 19th.
Seagate Technology (NASDAQ STX) opened at $42.08 on Thursday. 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 12 month low of $30.60 and a 12 month high of $50.96. The company has a market capitalization of $12,186.10, a PE ratio of 10.30, a PEG ratio of 0.56 and a beta of 1.67.
Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, topping the 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 firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. research analysts expect that Seagate Technology will post 3.99 EPS for the current fiscal year.
STX has been the topic of several recent research reports. Cowen reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Seagate Technology in a research note on Friday, October 13th. BidaskClub downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Jefferies Group set a $29.00 price objective on Seagate Technology and gave the stock a “hold” rating in a research note on Sunday, October 15th. Mizuho reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Seagate Technology in a research note on Monday, October 9th. Finally, Barclays lifted their target price on Seagate Technology from $29.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, October 24th. Four 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 stock. Seagate Technology currently has a consensus rating of “Hold” and an average target price of $41.53.
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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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