Western Digital (NASDAQ:WDC – Get Free Report) posted its quarterly earnings results on Thursday. The data storage provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.21 by $0.42, Briefing.com reports. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Western Digital had a negative net margin of 19.90% and a negative return on equity of 19.45%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company posted ($1.57) earnings per share. Western Digital updated its Q4 guidance to $0.90-1.20 EPS and its Q4 2024 guidance to 0.900-1.200 EPS.
Western Digital Stock Performance
Shares of Western Digital stock opened at $69.44 on Friday. The firm has a market cap of $22.63 billion, a P/E ratio of -9.74 and a beta of 1.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.67 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $64.73 and a 200 day simple moving average of $54.78. Western Digital has a fifty-two week low of $32.01 and a fifty-two week high of $76.92.
Insider Transactions at Western Digital
In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $75.00, for a total transaction of $33,225.00. Following the completion of the sale, the senior vice president now directly owns 30,958 shares of the company’s stock, valued at approximately $2,321,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $75.00, for a total value of $33,225.00. Following the transaction, the senior vice president now directly owns 30,958 shares of the company’s stock, valued at $2,321,850. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimberly Alexy sold 2,648 shares of Western Digital stock in a transaction on Monday, April 1st. The stock was sold at an average price of $69.95, for a total transaction of $185,227.60. Following the sale, the director now directly owns 20,509 shares of the company’s stock, valued at approximately $1,434,604.55. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on WDC
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.
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