Western Digital (NASDAQ:WDC) is set to release its earnings data after the market closes on Thursday, January 25th. Analysts expect Western Digital to post earnings of $3.51 per share for the quarter.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, October 26th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.55. Western Digital had a return on equity of 26.48% and a net margin of 7.38%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect Western Digital to post $12 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Western Digital (NASDAQ:WDC) opened at $85.16 on Thursday. Western Digital has a 1 year low of $71.10 and a 1 year high of $95.77. The stock has a market capitalization of $25,140.00, a PE ratio of 17.78, a PEG ratio of 0.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.13 and a current ratio of 2.64.

Western Digital announced that its board has approved a stock repurchase program on Thursday, November 9th that allows the company to buyback $2.10 billion in shares. This buyback authorization allows the data storage provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.00 annualized dividend and a yield of 2.35%. Western Digital’s dividend payout ratio is currently 41.75%.

Several equities research analysts recently commented on WDC shares. UBS Group reaffirmed an “add” rating on shares of Western Digital in a research note on Wednesday, September 20th. Cowen reaffirmed an “outperform” rating and set a $117.00 target price on shares of Western Digital in a research note on Thursday, September 21st. Barclays reaffirmed an “overweight” rating and set a $131.00 target price on shares of Western Digital in a research note on Monday, September 25th. Benchmark reaffirmed a “buy” rating and set a $135.00 target price on shares of Western Digital in a research note on Monday, September 25th. Finally, Zacks Investment Research cut Western Digital from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. Western Digital currently has an average rating of “Buy” and a consensus target price of $112.10.

In related news, insider Michael D. Cordano sold 1,401 shares of Western Digital stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $85.00, for a total transaction of $119,085.00. Following the transaction, the insider now owns 70,560 shares of the company’s stock, valued at $5,997,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry T. Denero sold 4,097 shares of Western Digital stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $85.97, for a total value of $352,219.09. Following the transaction, the director now directly owns 10,834 shares in the company, valued at approximately $931,398.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,039 shares of company stock worth $1,400,999. 0.31% of the stock is owned by 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).

Earnings History for Western Digital (NASDAQ:WDC)

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