Q1 2025 EPS Estimates for Western Digital Co. (NASDAQ:WDC) Boosted by Wedbush

Western Digital Co. (NASDAQ:WDC - Free Report) - Research analysts at Wedbush boosted their Q1 2025 earnings estimates for Western Digital in a research report issued on Wednesday, April 17th. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $2.40 for the quarter, up from their previous estimate of $2.12. The consensus estimate for Western Digital's current full-year earnings is ($2.31) per share. Wedbush also issued estimates for Western Digital's Q3 2025 earnings at $3.22 EPS and Q4 2025 earnings at $3.49 EPS.

Other research analysts have also recently issued reports about the company. Susquehanna lifted their price objective on Western Digital from $68.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Barclays boosted their target price on Western Digital from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. Evercore ISI started coverage on Western Digital in a research report on Wednesday, March 27th. They set an "outperform" rating and a $80.00 target price for the company. StockNews.com lowered Western Digital from a "hold" rating to a "sell" rating in a research report on Tuesday, February 20th. Finally, Rosenblatt Securities upgraded Western Digital from a "neutral" rating to a "buy" rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.17.

Western Digital Stock Performance

WDC stock traded down $1.85 during midday trading on Thursday, hitting $68.32. The stock had a trading volume of 4,346,720 shares, compared to its average volume of 6,978,912. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of -9.68 and a beta of 1.57. Western Digital has a 52 week low of $31.97 and a 52 week high of $76.92. The stock has a 50-day simple moving average of $63.30 and a 200 day simple moving average of $53.89. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its earnings results on Monday, January 29th. The data storage provider reported ($0.69) EPS for the quarter, topping the consensus estimate of ($1.30) by $0.61. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3 billion. Western Digital had a negative return on equity of 19.45% and a negative net margin of 19.90%. Western Digital's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.69) earnings per share.

Insider Buying and Selling at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $75.00, for a total value of $33,225.00. Following the completion of the sale, the senior vice president now owns 30,958 shares of the company's stock, valued at $2,321,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kimberly Alexy sold 2,648 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $69.95, for a total value of $185,227.60. Following the transaction, the director now owns 20,509 shares in the company, valued at $1,434,604.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gene M. Zamiska sold 443 shares of Western Digital stock in a transaction on Monday, April 8th. The stock was sold at an average price of $75.00, for a total value of $33,225.00. Following the sale, the senior vice president now owns 30,958 shares in the company, valued at $2,321,850. The disclosure for this sale can be found here. Insiders own 0.28% of the company's stock.

Institutional Trading of Western Digital

Several hedge funds have recently made changes to their positions in WDC. Signaturefd LLC lifted its stake in shares of Western Digital by 10.9% in the 4th quarter. Signaturefd LLC now owns 2,577 shares of the data storage provider's stock valued at $135,000 after acquiring an additional 254 shares during the last quarter. Czech National Bank raised its position in Western Digital by 0.5% during the 1st quarter. Czech National Bank now owns 57,050 shares of the data storage provider's stock valued at $3,893,000 after purchasing an additional 261 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Western Digital by 79.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider's stock valued at $34,000 after purchasing an additional 330 shares during the last quarter. Lindbrook Capital LLC raised its position in Western Digital by 121.7% during the 4th quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider's stock valued at $32,000 after purchasing an additional 337 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Western Digital by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 37,156 shares of the data storage provider's stock valued at $1,695,000 after purchasing an additional 338 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.