Cantor Fitzgerald Predicts Western Digital FY2025 Earnings

Western Digital Co. (NASDAQ:WDC) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Western Digital in a report released 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 posted its earnings results on Thursday, October 24th. The data storage provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.23. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Western Digital had a return on equity of 8.57% and a net margin of 4.81%. The company’s quarterly revenue was up 48.9% on a year-over-year basis. During the same period last year, the firm earned ($1.97) EPS.

Several other research analysts also recently weighed in on WDC. UBS Group reduced their target price on Western Digital from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Western Digital in a report on Friday, November 29th. BNP Paribas cut their target price on shares of Western Digital from $95.00 to $90.00 in a research note on Thursday, October 24th. Mizuho decreased their price target on shares of Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Barclays lowered their price objective on Western Digital from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.65.

Western Digital Stock Performance

Shares of WDC stock opened at $67.41 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Western Digital has a 12-month low of $52.77 and a 12-month high of $81.55. The business’s 50 day moving average is $65.77 and its two-hundred day moving average is $66.03. The company has a market capitalization of $23.30 billion, a P/E ratio of 39.65 and a beta of 1.43.

Insider Transactions at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 1,993 shares of the 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 owns 30,608 shares of the company’s stock, valued at $2,140,723.52. This trade represents a 6.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Soderbery sold 30,767 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.01, for a total transaction of $2,092,463.67. Following the completion of the sale, the executive vice president now directly owns 135,398 shares in the company, valued at $9,208,417.98. This trade represents a 18.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,107 shares of company stock worth $2,324,881 in the last 90 days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WDC. State Street Corp increased its stake in Western Digital by 3.2% during the 3rd quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock worth $926,879,000 after buying an additional 423,651 shares during the period. Geode Capital Management LLC grew its stake in shares of Western Digital by 1.0% in the third quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock worth $539,355,000 after acquiring an additional 76,781 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Western Digital by 24.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock worth $253,453,000 after acquiring an additional 732,344 shares during the period. Maple Rock Capital Partners Inc. raised its stake in shares of Western Digital by 13.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock valued at $224,497,000 after acquiring an additional 383,390 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in Western Digital by 25.7% in the third quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock valued at $218,034,000 after purchasing an additional 651,847 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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.