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

Western Digital Co. (NASDAQ:WDC) – Equities researchers at Wedbush upped their Q1 2025 earnings per share estimates for Western Digital in a report released on Wednesday, April 17th. Wedbush analyst M. Bryson now forecasts 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.

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

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Western Digital from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft upgraded Western Digital from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $65.00 in a research report on Tuesday, January 16th. The Goldman Sachs Group upped their target price on Western Digital from $58.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen upped their target price on Western Digital from $50.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Mizuho upped their target price on Western Digital from $66.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.61.

Western Digital Stock Down 1.3 %

WDC opened at $70.17 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.67. Western Digital has a 1-year low of $31.97 and a 1-year high of $76.92. The business has a 50 day moving average price of $63.30 and a two-hundred day moving average price of $53.89.

Insider Buying and Selling at Western Digital

In other Western Digital 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 approximately $1,434,604.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kimberly Alexy sold 2,648 shares of the company’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 $1,434,604.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gene M. Zamiska sold 443 shares of the company’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 directly owns 30,958 shares in the company, valued at $2,321,850. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Western Digital

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Western Digital by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 38,579,938 shares of the data storage provider’s stock worth $2,020,431,000 after acquiring an additional 215,207 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Western Digital by 9.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,595,297 shares of the data storage provider’s stock worth $851,166,000 after purchasing an additional 1,931,325 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in Western Digital by 7.0% in the third quarter. Nomura Holdings Inc. now owns 13,361,999 shares of the data storage provider’s stock worth $609,708,000 after purchasing an additional 870,971 shares in the last quarter. DNB Asset Management AS boosted its holdings in Western Digital by 8.6% in the fourth quarter. DNB Asset Management AS now owns 5,587,698 shares of the data storage provider’s stock worth $292,628,000 after purchasing an additional 443,903 shares in the last quarter. Finally, DnB Asset Management AS boosted its holdings in Western Digital by 7.3% in the third quarter. DnB Asset Management AS now owns 5,143,795 shares of the data storage provider’s stock worth $234,711,000 after purchasing an additional 351,916 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

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.