Western Digital (NASDAQ:WDC) Releases Q2 Earnings Guidance

Western Digital (NASDAQ:WDC) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.75-2.05 for the period, compared to the consensus earnings per share estimate of $1.93. The company issued revenue guidance of $4.20-4.40 billion, compared to the consensus revenue estimate of $4.33 billion. Western Digital also updated its Q2 2025 guidance to 1.750-2.050 EPS.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of Western Digital from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen dropped their target price on Western Digital from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, September 13th. The Goldman Sachs Group lowered their price objective on Western Digital from $79.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday. Susquehanna boosted their target price on shares of Western Digital from $75.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Cantor Fitzgerald raised their price target on shares of Western Digital from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.09.

Western Digital Trading Up 4.7 %

Shares of WDC traded up $3.13 during mid-day trading on Friday, reaching $69.45. The company’s stock had a trading volume of 17,644,446 shares, compared to its average volume of 6,179,462. The company’s fifty day moving average price is $65.42 and its two-hundred day moving average price is $69.70. Western Digital has a 52 week low of $35.62 and a 52 week high of $81.55. The stock has a market cap of $22.68 billion, a PE ratio of -13.97 and a beta of 1.39. 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 (NASDAQ:WDC) last announced its quarterly earnings results 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 business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. On average, analysts predict that Western Digital will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO David Goeckeler sold 75,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the sale, the chief executive officer now owns 896,630 shares in the company, valued at $63,051,021.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Western Digital news, CEO David Goeckeler sold 75,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $70.32, for a total value of $5,274,000.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gene M. Zamiska sold 2,169 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $61.96, for a total transaction of $134,391.24. Following the completion of the transaction, the senior vice president now owns 32,601 shares in the company, valued at $2,019,957.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,955 shares of company stock valued at $6,327,560 over the last three months. Corporate insiders own 0.28% of the company’s stock.

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.