Q1 2025 EPS Estimates for Western Digital Co. Raised by Analyst (NASDAQ:WDC)

Western Digital Co. (NASDAQ:WDC) – Wedbush raised their Q1 2025 earnings per share (EPS) estimates for shares of Western Digital in a research report issued to clients and investors on Wednesday, April 17th. Wedbush analyst M. Bryson now anticipates that the data storage provider will earn $2.40 per share for the quarter, up from their prior forecast 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.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Monday, January 29th. The data storage provider reported ($0.69) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.30) by $0.61. Western Digital had a negative return on equity of 19.45% and a negative net margin of 19.90%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the business earned ($0.69) EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis.

WDC has been the topic of several other research reports. Wells Fargo & Company increased their price objective on Western Digital from $72.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI started coverage on Western Digital in a report on Wednesday, March 27th. They set an “outperform” rating and a $80.00 target price on the stock. Morgan Stanley increased their target price on Western Digital from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen increased their target price on Western Digital from $50.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, StockNews.com lowered Western Digital from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.17.

Western Digital Stock Down 2.6 %

WDC stock opened at $68.32 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.67 and a quick ratio of 0.98. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of -9.58 and a beta of 1.57. The business’s fifty day moving average price is $63.52 and its two-hundred day moving average price is $53.99. Western Digital has a fifty-two week low of $31.97 and a fifty-two week high of $76.92.

Hedge Funds Weigh In On Western Digital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in Western Digital in the 1st quarter worth about $25,000. Naples Money Management LLC bought a new stake in Western Digital in the 4th quarter worth about $26,000. Janiczek Wealth Management LLC bought a new stake in Western Digital in the 3rd quarter worth about $28,000. CIBC Private Wealth Group LLC bought a new stake in shares of Western Digital during the 4th quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Western Digital during the 1st quarter valued at about $31,000. 92.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Western Digital

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 shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $75.00, for a total transaction of $33,225.00. Following the completion of the transaction, 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 accessible through this link. Also, Director Kimberly Alexy sold 2,648 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $69.95, for a total value of $185,227.60. Following the transaction, the director now directly owns 20,509 shares of the company’s stock, valued at approximately $1,434,604.55. The disclosure for this sale can be found here. Company insiders own 0.28% 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.