Pure Storage (PSTG) to Release Earnings on Tuesday

Pure Storage (NYSE:PSTG) is set to release its earnings data after the market closes on Tuesday, December 3rd. Analysts expect Pure Storage to post earnings of $0.43 per share for the quarter. Pure Storage has set its FY 2025 guidance at EPS and its Q3 2025 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $763.77 million for the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. On average, analysts expect Pure Storage to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pure Storage Trading Up 4.0 %

PSTG stock opened at $53.75 on Tuesday. Pure Storage has a 52 week low of $31.00 and a 52 week high of $70.41. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 134.38, a PEG ratio of 7.01 and a beta of 1.10. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $51.79 and a 200-day simple moving average of $56.88.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PSTG shares. Guggenheim boosted their target price on Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Stifel Nicolaus dropped their price objective on shares of Pure Storage from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Northland Securities restated a “market perform” rating and set a $59.00 target price (down previously from $68.00) on shares of Pure Storage in a report on Thursday, August 29th. Citigroup lowered their price target on Pure Storage from $67.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Finally, Lake Street Capital reduced their price objective on Pure Storage from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.95.

Insider Activity at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares in the company, valued at $24,970,000. This trade represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mona Chu sold 25,000 shares of Pure Storage stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total transaction of $1,258,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 96,639 shares of the company’s stock, valued at approximately $4,862,874.48. This represents a 20.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,542 shares of company stock valued at $18,599,030 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

About Pure Storage

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.