Western Digital (NASDAQ:WDC) Issues Q1 2025 Earnings Guidance

Western Digital (NASDAQ:WDCGet Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.550-1.850 for the period, compared to the consensus EPS estimate of 1.740. The company issued revenue guidance of $4.0 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion. Western Digital also updated its Q1 guidance to $1.55-1.85 EPS.

Western Digital Stock Performance

Shares of Western Digital stock traded up $3.87 during mid-day trading on Wednesday, hitting $67.05. 12,874,727 shares of the stock were exchanged, compared to its average volume of 6,414,853. Western Digital has a 12 month low of $35.62 and a 12 month high of $81.55. The company has a 50-day simple moving average of $75.31 and a 200 day simple moving average of $68.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.07 and a current ratio of 1.86. The company has a market capitalization of $21.89 billion, a P/E ratio of -13.49 and a beta of 1.37.

Analysts Set New Price Targets

WDC has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Western Digital from $65.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, April 15th. Morgan Stanley lifted their price target on shares of Western Digital from $83.00 to $86.00 and gave the stock an overweight rating in a report on Friday, April 26th. Robert W. Baird lifted their price target on shares of Western Digital from $65.00 to $100.00 and gave the stock an outperform rating in a report on Friday, April 26th. Wells Fargo & Company lifted their price target on shares of Western Digital from $72.00 to $95.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Finally, Citigroup lifted their price target on shares of Western Digital from $90.00 to $95.00 and gave the stock a buy rating in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Western Digital presently has an average rating of Moderate Buy and a consensus price target of $82.96.

Read Our Latest Stock Analysis on Western Digital

Insiders Place Their Bets

In other Western Digital news, EVP Robert Soderbery sold 26,853 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $73.48, for a total value of $1,973,158.44. Following the completion of the sale, the executive vice president now directly owns 144,623 shares of the company’s stock, valued at $10,626,898.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Gene M. Zamiska sold 416 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $71.88, for a total transaction of $29,902.08. Following the completion of the transaction, the senior vice president now directly owns 30,321 shares of the company’s stock, valued at $2,179,473.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Soderbery sold 26,853 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $73.48, for a total transaction of $1,973,158.44. Following the transaction, the executive vice president now directly owns 144,623 shares of the company’s stock, valued at $10,626,898.04. The disclosure for this sale can be found here. Insiders sold 27,488 shares of company stock valued at $2,020,143 over the last three months. Insiders own 0.28% of the company’s stock.

Western Digital Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Western Digital (NASDAQ:WDC)

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