News headlines about Western Digital (NASDAQ:WDC) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Digital earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the data storage provider an impact score of 46.1281853113055 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Pick These 4 Low P/CF Stocks & Sail Through a Volatile Market (finance.yahoo.com)
- Western Digital Corporation (WDC) Sees Hammer Chart Pattern: Time to Buy? (finance.yahoo.com)
- A Look at Seagate’s Historical and Future Revenue Growth (finance.yahoo.com)
- WD My Cloud Pro PR4100 40TB Review (tweaktown.com)
- Where Do Western Digital and Seagate Stand in the Storage Market? (finance.yahoo.com)
A number of research analysts recently issued reports on WDC shares. Craig Hallum lifted their target price on Western Digital from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Cowen set a $117.00 target price on Western Digital and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. BidaskClub upgraded Western Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Western Digital in a research report on Thursday, February 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Western Digital in a research report on Tuesday, December 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $111.37.
NASDAQ WDC traded up $0.85 during trading on Tuesday, reaching $91.37. 2,149,054 shares of the company’s stock were exchanged, compared to its average volume of 4,012,241. The firm has a market capitalization of $26,759.60, a PE ratio of 11.57, a PEG ratio of 0.37 and a beta of 1.03. The company has a current ratio of 2.55, a quick ratio of 2.03 and a debt-to-equity ratio of 1.04. Western Digital has a fifty-two week low of $76.59 and a fifty-two week high of $106.96.
Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, January 25th. The data storage provider reported $3.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.51 by $0.44. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.31 billion. Western Digital had a return on equity of 30.78% and a net margin of 1.93%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. research analysts anticipate that Western Digital will post 12.76 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. Western Digital’s dividend payout ratio is 25.32%.
In other news, CFO Mark P. Long sold 4,466 shares of Western Digital stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $84.20, for a total transaction of $376,037.20. Following the completion of the sale, the chief financial officer now directly owns 88,383 shares in the company, valued at approximately $7,441,848.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark P. Long sold 7,026 shares of Western Digital stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $98.64, for a total value of $693,044.64. Following the sale, the chief financial officer now owns 211,817 shares of the company’s stock, valued at $20,893,628.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,704 shares of company stock valued at $23,780,295. 0.31% of the stock is owned by corporate insiders.
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Western Digital Company Profile
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).
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