Wedbush Weighs in on Western Digital Co.’s Q1 2025 Earnings (NASDAQ:WDC)

Western Digital Co. (NASDAQ:WDC) – Research analysts at Wedbush lifted their Q1 2025 earnings estimates for shares of Western Digital in a research report issued to clients and investors on Wednesday, April 17th. Wedbush analyst M. Bryson now expects that the data storage provider will earn $2.40 per share for the quarter, up from their previous 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 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 net margin of 19.90% and a negative return on equity of 19.45%. Western Digital’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.69) EPS.

Several other analysts also recently issued reports on WDC. Morgan Stanley upped their price objective on shares of Western Digital from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America increased their price target on shares of Western Digital from $75.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities raised shares of Western Digital from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. UBS Group increased their price target on shares of Western Digital from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, Cantor Fitzgerald increased their price target on shares of Western Digital from $70.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.17.

Western Digital Price Performance

NASDAQ WDC opened at $66.05 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $63.71 and a 200 day simple moving average of $54.13. The company has a market cap of $21.52 billion, a P/E ratio of -9.26 and a beta of 1.57. Western Digital has a 1 year low of $31.97 and a 1 year high of $76.92.

Insider Buying and Selling

In related news, Director Kimberly Alexy sold 2,648 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $69.95, for a total transaction of $185,227.60. Following the completion of the sale, the director now owns 20,509 shares in the company, valued at approximately $1,434,604.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Western Digital news, Director Kimberly Alexy sold 2,648 shares of the firm’s 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 sale, the director now owns 20,509 shares in the company, valued at approximately $1,434,604.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gene M. Zamiska sold 443 shares of the firm’s 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 disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Western Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDC. Rise Advisors LLC bought a new position in shares of Western Digital in the 1st quarter valued at about $25,000. Naples Money Management LLC bought a new position in shares of Western Digital in the 4th quarter valued at about $26,000. Janiczek Wealth Management LLC bought a new position in shares of Western Digital in the 3rd quarter valued at about $28,000. CIBC Private Wealth Group LLC bought a new position in shares of Western Digital in the 4th quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Western Digital in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 92.51% 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.