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

Western Digital Co. (NASDAQ:WDC) – Research analysts at Wedbush upped their Q1 2025 earnings per share (EPS) estimates for shares of Western Digital in a report issued on Wednesday, April 17th. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings of $2.40 per share 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.

WDC has been the topic of several other reports. Rosenblatt Securities raised Western Digital from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. TD Cowen upped their price objective on Western Digital from $50.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. StockNews.com downgraded Western Digital from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Evercore ISI initiated coverage on Western Digital in a research report on Wednesday, March 27th. They set an “outperform” rating and a $80.00 price objective for the company. Finally, Susquehanna increased their target price on Western Digital from $68.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.17.

Western Digital Trading Down 2.6 %

Shares of Western Digital stock opened at $68.32 on Thursday. Western Digital has a 12-month low of $31.97 and a 12-month high of $76.92. The stock has a market cap of $22.26 billion, a P/E ratio of -9.58 and a beta of 1.57. The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $63.52 and its 200-day moving average is $53.99.

Western Digital (NASDAQ:WDC) last announced its 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. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3 billion. Western Digital had a negative return on equity of 19.45% and a negative net margin of 19.90%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted ($0.69) earnings per share.

Insiders Place Their Bets

In other news, Director Kimberly Alexy sold 2,648 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 $1,434,604.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 30,958 shares in the company, valued at $2,321,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director now owns 20,509 shares in the company, 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in Western Digital by 292.1% during the first quarter. American Century Companies Inc. now owns 30,302 shares of the data storage provider’s stock worth $1,504,000 after purchasing an additional 22,573 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Western Digital during the 1st quarter valued at about $57,000. Acadian Asset Management LLC increased its stake in Western Digital by 1,535.0% during the first quarter. Acadian Asset Management LLC now owns 8,649 shares of the data storage provider’s stock worth $426,000 after purchasing an additional 8,120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Western Digital by 7.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,869 shares of the data storage provider’s stock worth $2,079,000 after purchasing an additional 2,755 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Western Digital by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 197,219 shares of the data storage provider’s stock valued at $10,331,000 after purchasing an additional 3,642 shares during the period. Institutional investors and hedge funds 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.