Cantor Fitzgerald Estimates Western Digital FY2025 Earnings

Western Digital Co. (NASDAQ:WDC) – Investment analysts at Cantor Fitzgerald lowered their FY2025 earnings per share (EPS) estimates for Western Digital in a note issued to investors on Thursday, January 30th. Cantor Fitzgerald analyst C. Muse now expects that the data storage provider will post earnings of $5.03 per share for the year, down from their previous estimate of $5.86. 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 $5.16 per share.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%.

Other equities analysts have also recently issued reports about the company. Rosenblatt Securities lowered their price objective on Western Digital from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of Western Digital in a report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Western Digital from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Benchmark lowered Western Digital from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, December 19th. Finally, Susquehanna dropped their price target on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. 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 has an average rating of “Moderate Buy” and an average price target of $84.21.

Western Digital Trading Down 0.9 %

Shares of NASDAQ WDC opened at $63.81 on Monday. The company has a market cap of $22.06 billion, a PE ratio of 15.19 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The firm’s 50 day moving average price is $65.39 and its 200-day moving average price is $65.31. Western Digital has a 52-week low of $52.77 and a 52-week high of $81.55.

Insider Buying and Selling

In other Western Digital news, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the completion of the transaction, the senior vice president now directly owns 28,863 shares in the company, valued at $2,020,121.37. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 1,347 shares of company stock valued at $93,027. 0.30% of the stock is owned by company insiders.

Institutional Trading of Western Digital

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its holdings in Western Digital by 21.0% in the 2nd quarter. Creative Planning now owns 40,573 shares of the data storage provider’s stock worth $3,074,000 after purchasing an additional 7,037 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Western Digital by 10.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,265 shares of the data storage provider’s stock valued at $247,000 after buying an additional 310 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Western Digital in the second quarter worth $1,278,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Western Digital during the second quarter worth $3,033,000. Finally, Czech National Bank grew its stake in Western Digital by 6.9% during the third quarter. Czech National Bank now owns 66,516 shares of the data storage provider’s stock valued at $4,542,000 after acquiring an additional 4,294 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

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.