Analysts See $0.86 EPS for Seagate Technology PLC (STX)

September 17, 2017 - By Nellie Frank

 Analysts See $0.86 EPS for Seagate Technology PLC (STX)
Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.07, from 1.13 in 2016Q3. It dived, as 46 investors sold Seagate Technology PLC shares while 155 reduced holdings. 85 funds opened positions while 129 raised stakes. 254.79 million shares or 1.53% less from 258.75 million shares in 2016Q3 were reported.
D E Shaw & Comm Incorporated holds 0.01% in Seagate Technology PLC (NASDAQ:STX) or 217,546 shares. Moreover, Mark Sheptoff Fincl Planning Ltd Liability Corporation has 0.02% invested in Seagate Technology PLC (NASDAQ:STX). Citigroup Incorporated invested 0.03% in Seagate Technology PLC (NASDAQ:STX). 70,742 are owned by Cambridge. Dekabank Deutsche Girozentrale holds 0.01% or 13,492 shares. Ubs Asset Americas Inc invested in 813,329 shares. 45,389 are held by Jefferies Gru Limited Liability. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 0.01% in Seagate Technology PLC (NASDAQ:STX) or 16,883 shares. Amer International Grp holds 0.02% or 133,855 shares in its portfolio. 13,709 are owned by Guyasuta Advsrs. Bb&T Corp has 0.02% invested in Seagate Technology PLC (NASDAQ:STX). Fuller & Thaler Asset Mgmt has 0.09% invested in Seagate Technology PLC (NASDAQ:STX) for 149,505 shares. Exane Derivatives owns 519 shares for 0% of their portfolio. Moreover, Community State Bank Na has 0% invested in Seagate Technology PLC (NASDAQ:STX). Boston Private Wealth Limited Co owns 62,033 shares or 0.1% of their US portfolio.

Since May 12, 2017, it had 0 buys, and 5 sales for $1.34 million activity. On Friday, June 9 MORTON DAVID H JR sold $131,510 worth of Seagate Technology PLC (NASDAQ:STX) or 3,040 shares. PARK CHONG SUP also sold $166,187 worth of Seagate Technology PLC (NASDAQ:STX) on Tuesday, May 16. $417,616 worth of Seagate Technology PLC (NASDAQ:STX) was sold by RE MARK.

Investors wait Seagate Technology PLC (NASDAQ:STX) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.86 EPS, down $0.13 or 13.13 % from last year’s $0.99 same quarter earnings. This translates into $247.62 million profit for STX giving the stock a 9.75 P/E. This is assuming the current $0.86 EPS is accurate. Seagate Technology PLC’s Wall Street analysts see 32.31 % EPS growth, taking into account the $0.65 EPS reproted in the previous quarter, The stock increased 2.76% or $0.9 on September 15, reaching $33.55. About 9.57M shares traded or 103.62% up from the average. Seagate Technology PLC (NASDAQ:STX) has risen 107.16% since September 17, 2016 and is uptrending. It has outperformed by 90.46% the S&P500.

Seagate Technology PLC (NASDAQ:STX) Ratings Coverage

Among 30 analysts covering Seagate Technology Plc (NASDAQ:STX), 7 have Buy rating, 3 Sell and 20 Hold. Therefore 23% are positive. Seagate Technology Plc had 104 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Seagate Technology PLC (NASDAQ:STX) has “Buy” rating given on Wednesday, January 25 by Benchmark. The stock has “Outperform” rating by RBC Capital Markets on Monday, August 3. BTIG Research maintained it with “Buy” rating and $45 target in Thursday, October 6 report. The company was maintained on Monday, November 2 by Needham. On Tuesday, October 11 the stock rating was maintained by Cowen & Co with “Market Perform”. Goldman Sachs maintained Seagate Technology PLC (NASDAQ:STX) rating on Thursday, April 14. Goldman Sachs has “Neutral” rating and $26 target. The firm has “Sell” rating given on Thursday, July 13 by Barclays Capital. The stock has “Strong Buy” rating by Needham on Monday, August 3. The company was maintained on Tuesday, October 11 by FBN Securities. On Thursday, February 4 the stock rating was maintained by Argus Research with “Buy”.

Seagate Technology public limited company is a well-known provider of electronic data storage technology and solutions. The company has market cap of $9.66 billion. The Company’s principal products are hard disk drives . It has a 13.01 P/E ratio. 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.

More important recent Seagate Technology PLC (NASDAQ:STX) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Berkley, Financial Engines and Seagate Technology” on September 15, 2017, also Gurufocus.com published article titled: “Seagate Technology Announces Dividend, Stock Price at a Low”, Benzinga.com published: “Seagate Technology’s Continued Struggles With 10TB Helium Drives Results In A …” on September 11, 2017. More interesting news about Seagate Technology PLC (NASDAQ:STX) was released by: Seekingalpha.com and their article: “Seagate: Strong 8% Yield, Backed By Leader In Enterprise Hard Drives” with publication date: September 04, 2017.

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