Western Digital (WDC) to Release Earnings on Wednesday

Western Digital (NASDAQ:WDC - Get Free Report) is expected to be releasing its Q4 2025 earnings data after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.47 per share and revenue of $2.45 billion for the quarter. Western Digital has set its Q4 2025 guidance at 1.250-1.650 EPS.

Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The data storage provider reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.30. The business had revenue of ($1,465.00) million during the quarter, compared to analyst estimates of $2.70 billion. Western Digital had a net margin of 13.33% and a return on equity of 20.58%. Western Digital's revenue was down 33.6% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, analysts expect Western Digital to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Western Digital Stock Down 0.3%

Shares of NASDAQ WDC traded down $0.20 during midday trading on Friday, hitting $68.82. The stock had a trading volume of 7,878,242 shares, compared to its average volume of 5,696,784. The business's 50 day moving average is $59.91 and its 200-day moving average is $53.48. Western Digital has a 52 week low of $28.83 and a 52 week high of $69.72. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 0.95. The company has a market cap of $24.01 billion, a P/E ratio of 13.03 and a beta of 1.54.

Western Digital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.40 annualized dividend and a yield of 0.58%. Western Digital's dividend payout ratio (DPR) is presently 7.58%.

Western Digital announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 13th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the data storage provider to repurchase up to 11.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Western Digital

In related news, CEO Irving Tan sold 11,379 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $48.19, for a total value of $548,354.01. Following the completion of the sale, the chief executive officer directly owned 605,481 shares of the company's stock, valued at approximately $29,178,129.39. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gene M. Zamiska sold 1,729 shares of Western Digital stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $54.88, for a total transaction of $94,887.52. Following the transaction, the senior vice president directly owned 40,089 shares in the company, valued at $2,200,084.32. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,353 shares of company stock worth $657,454. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Western Digital stock. Geneos Wealth Management Inc. boosted its holdings in Western Digital Corporation (NASDAQ:WDC - Free Report) by 229.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,388 shares of the data storage provider's stock after purchasing an additional 967 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Western Digital were worth $56,000 as of its most recent SEC filing. Institutional investors and hedge funds own 92.51% of the company's stock.

Analyst Upgrades and Downgrades

WDC has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on Western Digital in a research note on Thursday, July 10th. They issued a "neutral" rating and a $70.00 price target for the company. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Western Digital in a research report on Thursday, May 1st. Barclays set a $50.00 target price on shares of Western Digital and gave the company an "overweight" rating in a research note on Thursday, May 1st. TD Securities reduced their price target on shares of Western Digital from $80.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Western Digital from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $45.00 to $57.00 in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Western Digital currently has a consensus rating of "Moderate Buy" and an average price target of $66.84.

About Western Digital

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.