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

Western Digital Co. (NASDAQ:WDC) – Stock analysts at Wedbush upped their Q1 2025 earnings estimates for Western Digital in a research note 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 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 announced its quarterly earnings results on Monday, January 29th. The data storage provider reported ($0.69) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.30) by $0.61. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3 billion. Western Digital had a negative net margin of 19.90% and a negative return on equity of 19.45%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.69) earnings per share.

WDC has been the topic of a number of other reports. Mizuho lifted their price target on shares of Western Digital from $66.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Bank of America raised their price objective on shares of Western Digital from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com lowered shares of Western Digital from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Rosenblatt Securities upgraded shares of Western Digital from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, Raymond James raised their price objective on shares of Western Digital from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus target price of $72.61.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $70.17 on Thursday. The company’s fifty day moving average is $63.30 and its 200-day moving average is $53.89. Western Digital has a twelve month low of $31.97 and a twelve month high of $76.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.67 and a quick ratio of 0.98.

Insider Activity

In other news, Director Kimberly Alexy sold 2,648 shares of Western Digital stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $69.95, for a total value of $185,227.60. Following the completion of the transaction, the director now owns 20,509 shares of the company’s stock, valued at approximately $1,434,604.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Gene M. Zamiska sold 443 shares of Western Digital stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $75.00, for a total transaction 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 approximately $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 Western Digital stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $69.95, for a total transaction of $185,227.60. Following the sale, 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. Insiders own 0.28% of the company’s stock.

Institutional Trading of Western Digital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in 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 period. Czech National Bank increased its position in Western Digital by 0.5% in the 1st quarter. Czech National Bank now owns 57,050 shares of the data storage provider’s stock valued at $3,893,000 after acquiring an additional 261 shares during the period. Parkside Financial Bank & Trust increased its position in Western Digital by 79.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock valued at $34,000 after acquiring an additional 330 shares during the period. Lindbrook Capital LLC increased its position in Western Digital by 121.7% in the 4th quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock valued at $32,000 after acquiring an additional 337 shares during the period. Finally, Natixis Advisors L.P. increased its position in Western Digital by 0.9% in 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 acquiring an additional 338 shares during the period. Institutional investors own 92.51% of the company’s stock.

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.