Western Digital (WDC) Projected to Post Quarterly Earnings on Wednesday

Western Digital (NASDAQ:WDC - Get Free Report) is expected to announce its Q3 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect Western Digital to post earnings of $1.06 per share and revenue of $2.70 billion for the quarter.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. 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 Up 0.3 %

Western Digital stock traded up $0.13 during midday trading on Monday, hitting $40.91. 5,916,427 shares of the stock were exchanged, compared to its average volume of 6,295,981. Western Digital has a 52-week low of $28.83 and a 52-week high of $81.55. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The business's 50-day moving average price is $41.76 and its 200-day moving average price is $57.65. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 9.74 and a beta of 1.39.

Analysts Set New Price Targets

WDC has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on Western Digital from $70.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Wedbush reaffirmed an "underperform" rating on shares of Western Digital in a research report on Friday, April 11th. Citigroup cut their price target on shares of Western Digital from $64.00 to $48.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Benchmark upgraded shares of Western Digital from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a report on Thursday, April 10th. Finally, Susquehanna dropped their target price on shares of Western Digital from $72.00 to $40.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.68.

Insider Activity

In related news, SVP Gene M. Zamiska sold 1,659 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $41.36, for a total value of $68,616.24. Following the transaction, the senior vice president now directly owns 43,776 shares in the company, valued at approximately $1,810,575.36. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company's stock.

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.