Western Digital (WDC) Scheduled to Post Quarterly Earnings on Thursday

Western Digital (NASDAQ:WDC) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Western Digital to post earnings of $1.52 per share for the quarter. Western Digital has set its Q1 guidance at $1.55-1.85 EPS and its Q1 2025 guidance at 1.550-1.850 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.17. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. On average, analysts expect Western Digital to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Western Digital Trading Up 1.3 %

Shares of Western Digital stock opened at $67.79 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. Western Digital has a 12-month low of $35.62 and a 12-month high of $81.55. The company has a market capitalization of $23.43 billion, a price-to-earnings ratio of -37.25 and a beta of 1.39. The firm’s 50-day moving average price is $64.58 and its two-hundred day moving average price is $69.88.

Insider Activity at Western Digital

In related news, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.09, for a total transaction of $693,871.86. Following the transaction, the executive vice president now owns 128,413 shares of the company’s stock, valued at $7,331,098.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Robert Soderbery sold 12,154 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction dated 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 directly owns 896,630 shares of the company’s stock, valued at $63,051,021.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,955 shares of company stock valued at $6,327,560. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WDC shares. StockNews.com raised shares of Western Digital from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Benchmark reaffirmed a “buy” rating and set a $92.00 target price on shares of Western Digital in a research note on Thursday, September 26th. Citigroup dropped their price target on Western Digital from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Evercore ISI restated an “outperform” rating and set a $85.00 price objective on shares of Western Digital in a research report on Thursday, August 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 target price on shares of Western Digital in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.24.

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.