Pure Storage (PSTG) Set to Announce Quarterly Earnings on Tuesday

Pure Storage (NYSE:PSTG) will issue its quarterly earnings data after the market closes on Tuesday, December 3rd. Analysts expect the company to announce 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The company had revenue of $763.77 million for the quarter, compared to analysts’ expectations of $756.59 million. 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 Price Performance

PSTG opened at $53.75 on Tuesday. The stock’s 50-day moving average price is $51.79 and its 200 day moving average price is $56.88. Pure Storage has a 12-month low of $31.00 and a 12-month high of $70.41. The firm 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 current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PSTG. Guggenheim increased their price target on Pure Storage from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. UBS Group reduced their target price on shares of Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Susquehanna reiterated a “positive” rating and set a $80.00 price target on shares of Pure Storage in a report on Monday, August 26th. Evercore ISI dropped their price objective on shares of Pure Storage from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $59.00 price objective (down from $68.00) on shares of Pure Storage in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.95.

Insider Transactions at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.32, for a total value of $5,732,000.00. Following the sale, the insider now directly owns 300,000 shares in the company, valued at $17,196,000. The trade was a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total value of $450,709.65. Following the completion of the sale, the executive now directly owns 94,446 shares of the company’s stock, valued at approximately $4,785,578.82. This trade represents a 8.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,542 shares of company stock worth $18,599,030. Company 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.