Economy

Brokerages Expect Western Digital (WDC) to Announce $3.50 Earnings Per Share

The company has market cap of $2.82 billion.

NASDAQ WDC traded up $0.86 on Thursday, reaching $91.38. About 708,849 shares traded. It has outperformed by 13.90% the S&P500. Sheets Smith Wealth Management bought 1,735 shares as the company's stock declined 6.15% with the market. Fred Alger Mngmt reported 229,779 shares. About 3.41M shares traded.

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. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since May 2, 2017 and is uptrending.

Big Money Sentiment decreased to 1.07 in Q4 2017. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.76 and a current ratio of 2.39. It turned negative, as 68 investors sold WDC shares while 219 reduced holdings.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors holded 240.32 million in 2017Q3 but now own 243.21 million shares or 1.21% more. Trust Company who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $370.32 billion market cap company. Orca Invest Lc accumulated 14,642 shares. Riverhead Cap Mngmt Llc has 0.26% invested in Western Digital Corporation (NASDAQ:WDC) for 77,647 shs. The insider MILLIGAN STEPHEN D sold 53,264 shares worth $5.33 million. Moreover, First Quadrant Limited Partnership Ca has 0.11% invested in Western Digital Corporation (NASDAQ:WDC) for 70,790 shares. This company shares are 4.83% off its target price of $32.31 and the current market capitalization stands at $3.69B. Advsr Asset Management owns 43,104 shares for 0.06% of their portfolio. For the next financial year, analysts forecast that the company will report earnings of $13.11 per share, with EPS estimates ranging from $11.87 to $14.14. ValuEngine raised Western Digital from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 17th. Fmr Ltd reported 544,012 shares. Florida-based Texas Yale has invested 0.04% in Western Digital Corporation (NASDAQ:WDC). 3,923 were accumulated by Cornerstone Cap. Affinity Advsrs Ltd Llc holds 1.12% in Western Digital Corporation (NASDAQ:WDC) or 124,337 shares.

Among 37 analysts covering Western Digital (NASDAQ:WDC), 26 have Buy rating, 1 Sell and 10 Hold. The positive are 74%. Since November 14, 2017 according to StockzIntelligence Inc Western Digital has 31 analyst reports. Robert W. Baird upgraded Western Digital Corporation (NASDAQ:WDC) on Friday, March 16 to "Outperform" rating. Maxim Group has "Buy" rating and $114 target. As per Wednesday, December 7, the company rating was maintained by Mizuho. The company was maintained on Wednesday, January 18 by Mizuho. (NASDAQ:HALO). Clarivest Asset Mgmt Llc invested in 0.02% or 50,186 shares. Benchmark maintained it with "Buy" rating and $90 target in Thursday, July 30 report. The stock of Western Digital Corporation (NASDAQ:WDC) has "Hold" rating given on Tuesday, March 6 by UBS. The firm earned "Buy" rating on Tuesday, April 26 by BTIG Research. Jefferies maintained it with "Hold" rating and $9000 target in Tuesday, July 4 report. TheStreet downgraded Western Digital from a "b" rating to a "c+" rating in a research note on Thursday, January 25th.

Since January 29, 2018, it had 0 insider buys, and 11 sales for $24.09 million activity. Over the last quarter, insiders sold 259,704 shares of company stock worth $23,780,295. Institutional investors and hedge funds own 84.65% of the company's stock. On Tuesday, January 30 the insider Goris Patrick P. sold $980,000. The investment managers in our database now have: 34.33 million shares, down from 34.69 million shares in 2017Q3. (NYSE:ROK) on Friday, February 16. Shares for $5.80 million were sold by Schmitt Susan.

Cambridge Financial Group Inc decreased Microsoft Corporation (NASDAQ:MSFT) stake by 1,562 shares to 86,354 valued at $7.39 billion in 2017Q4. It also reduced its holding in Hollyfrontier Corp (NYSE:HFC) by 15,188 shares in the quarter, leaving it with 49,112 shares, and cut its stake in Lam Research Corp (NASDAQ:LRCX).

Peoples Bancorp Inc (PEBO) investors sentiment decreased to 0.98 in Q4 2017. The stock witnessed 6.9% gains, 1.65% gains and -0.71% declines for the 1-month, 3-month and 6-month period, respectively. It fall, as 55 investors sold JPM shares while 802 reduced holdings. 95 funds opened positions while 187 raised stakes. Delphi Ma holds 1.7% or 11,948 shares. Joel Isaacson And Com Lc holds 0.15% in McDonald's Corporation (NYSE:MCD) or 4,899 shares. Cypress Ltd Co (Wy) reported 200 shares stake.

Pl Capital Advisors Llc holds 2.77% of its portfolio in Peoples Bancorp Inc. for 320,344 shares. (NYSE:ROK) for 3,785 shares. Live Your Vision Ltd Llc invested in 0.02% or 286 shares. Accern also gave media coverage about the data storage provider an impact score of 46.1314755524557 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. North Carolina-based Wedge Capital Management L Lp Nc has invested 0.09% in FedEx Corporation (NYSE:FDX). (NYSE:ROK). Swiss National Bank accumulated 473,336 shares or 0.1% of the stock.

Woodmont Investment Counsel Llc, which manages about $557.42 million and $387.93 million US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 17,296 shares to 179,600 shares, valued at $9.51M in 2017Q4, according to the filing. Wesbanco Bancorp reported 12,203 shares. Deutsche Bank & Trust Ag invested 0.01% of its portfolio in Halozyme Therapeutics, Inc. The firm has "Buy" rating given on Thursday, July 30 by Benchmark. Therefore 69% are positive. The stock of FedEx Corporation (NYSE:FDX) earned "Outperform" rating by Raymond James on Friday, March 24. The stock of McDonald's Corporation (NYSE:MCD) has "Outperform" rating given on Monday, June 27 by Credit Suisse. The stock of Rockwell Automation Inc. On Thursday, January 4 the company was downgraded by BMO Capital Markets. On Tuesday, March 13 the stock rating was maintained by Guggenheim with "Buy". Berenberg initiated Rockwell Automation Inc. (NYSE:ROK) on Monday, October 3 with "Sell" rating.



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