Western Digital (NASDAQ:WDC) Announces Quarterly Earnings Results

by · The Cerbat Gem

Western Digital (NASDAQ:WDC – Get Free Report) announced its quarterly earnings data on Thursday. The data storage provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.23, Briefing.com reports. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned ($1.97) EPS. Western Digital’s quarterly revenue was up 48.9% on a year-over-year basis. Western Digital updated its Q2 guidance to $1.75-2.05 EPS and its Q2 2025 guidance to 1.750-2.050 EPS.

Western Digital Stock Up 4.7 %

Shares of WDC traded up $3.13 during midday trading on Friday, reaching $69.45. 17,644,446 shares of the company were exchanged, compared to its average volume of 6,179,462. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Western Digital has a 1-year low of $35.62 and a 1-year high of $81.55. The company has a market cap of $22.68 billion, a price-to-earnings ratio of -13.97 and a beta of 1.39. The stock has a 50-day moving average price of $65.42 and a 200-day moving average price of $69.67.

Insider Buying and Selling

In other news, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $70.32, for a total value of $5,274,000.00. Following the completion of the transaction, the chief executive officer now directly owns 896,630 shares in the company, valued at approximately $63,051,021.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.09, for a total value of $693,871.86. Following the transaction, the executive vice president now directly owns 128,413 shares of the company’s stock, valued at $7,331,098.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the completion of the sale, the chief executive officer now owns 896,630 shares of the company’s stock, valued at approximately $63,051,021.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,955 shares of company stock valued at $6,327,560. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

WDC has been the topic of a number of recent analyst reports. BNP Paribas dropped their price objective on Western Digital from $95.00 to $90.00 in a report on Thursday. Susquehanna raised their price objective on shares of Western Digital from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday. Rosenblatt Securities restated a “buy” rating and set a $115.00 target price on shares of Western Digital in a research report on Friday. The Goldman Sachs Group reduced their price target on shares of Western Digital from $79.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Barclays boosted their price target on Western Digital from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.09.

View Our Latest Analysis on WDC

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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