Cantor Fitzgerald Estimates Western Digital FY2025 Earnings

Western Digital Co. (NASDAQ:WDC) – Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Western Digital in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse forecasts that the data storage provider will earn $5.86 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $95.00 price objective on the stock. The consensus estimate for Western Digital’s current full-year earnings is $5.54 per share.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, October 24th. The data storage provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.23. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.12 billion. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The company’s revenue for the quarter was up 48.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.97) EPS.

WDC has been the topic of several other research reports. Benchmark lowered shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, December 19th. UBS Group dropped their price target on shares of Western Digital from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. BNP Paribas dropped their price target on shares of Western Digital from $95.00 to $90.00 in a research note on Thursday, October 24th. Barclays dropped their price target on shares of Western Digital from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company dropped their price target on shares of Western Digital from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $85.65.

Western Digital Stock Down 1.8 %

Western Digital stock opened at $67.41 on Friday. The firm has a market cap of $23.30 billion, a PE ratio of 39.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.47. The firm’s 50 day moving average price is $65.77 and its two-hundred day moving average price is $65.94. Western Digital has a twelve month low of $52.77 and a twelve month high of $81.55.

Insider Buying and Selling at Western Digital

In other news, SVP Gene M. Zamiska sold 1,993 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $69.94, for a total transaction of $139,390.42. Following the completion of the transaction, the senior vice president now directly owns 30,608 shares of the company’s stock, valued at approximately $2,140,723.52. This trade represents a 6.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Soderbery sold 30,767 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.01, for a total transaction of $2,092,463.67. Following the transaction, the executive vice president now directly owns 135,398 shares of the company’s stock, valued at $9,208,417.98. The trade was a 18.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,107 shares of company stock valued at $2,324,881 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Western Digital

Hedge funds have recently made changes to their positions in the company. Aigen Investment Management LP increased its position in shares of Western Digital by 124.2% during the 3rd quarter. Aigen Investment Management LP now owns 21,412 shares of the data storage provider’s stock worth $1,462,000 after purchasing an additional 11,860 shares in the last quarter. Avala Global LP increased its position in shares of Western Digital by 49.0% during the 3rd quarter. Avala Global LP now owns 1,147,700 shares of the data storage provider’s stock worth $78,376,000 after purchasing an additional 377,500 shares in the last quarter. Swedbank AB increased its position in shares of Western Digital by 19.7% during the 3rd quarter. Swedbank AB now owns 291,777 shares of the data storage provider’s stock worth $19,925,000 after purchasing an additional 47,965 shares in the last quarter. KBC Group NV increased its position in shares of Western Digital by 11.2% during the 3rd quarter. KBC Group NV now owns 277,010 shares of the data storage provider’s stock worth $18,917,000 after purchasing an additional 27,849 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Western Digital by 137.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,575 shares of the data storage provider’s stock worth $2,976,000 after purchasing an additional 25,262 shares in the last quarter. 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.