Corning (GLW) Expected to Announce Quarterly Earnings on Tuesday

Corning (NYSE:GLW - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect Corning to post earnings of $0.50 per share and revenue of $3.63 billion for the quarter. Corning has set its Q1 2025 guidance at 0.480-0.520 EPS.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Corning had a net margin of 3.86% and a return on equity of 15.10%. On average, analysts expect Corning to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corning Stock Up 0.7 %

Shares of GLW stock traded up $0.30 during trading hours on Friday, hitting $44.18. 3,767,555 shares of the company were exchanged, compared to its average volume of 5,977,020. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 76.17, a P/E/G ratio of 1.50 and a beta of 1.03. Corning has a one year low of $31.28 and a one year high of $55.33. The business's 50-day simple moving average is $45.62 and its two-hundred day simple moving average is $47.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.62.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Friday, February 28th. Corning's dividend payout ratio is presently 193.10%.

Insider Activity

In other news, COO Eric S. Musser sold 30,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $51.92, for a total transaction of $1,557,600.00. Following the completion of the transaction, the chief operating officer now owns 152,944 shares in the company, valued at approximately $7,940,852.48. This trade represents a 16.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael Alan Bell sold 2,209 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $49.87, for a total transaction of $110,162.83. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Corning stock. Brighton Jones LLC increased its position in Corning Incorporated (NYSE:GLW - Free Report) by 46.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,705 shares of the electronics maker's stock after purchasing an additional 2,114 shares during the period. Brighton Jones LLC's holdings in Corning were worth $319,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 69.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLW shares. HSBC raised shares of Corning from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $51.00 to $60.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of Corning from $62.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Bank of America raised their target price on shares of Corning from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. StockNews.com downgraded Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Hsbc Global Res upgraded Corning from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Corning presently has an average rating of "Moderate Buy" and a consensus price target of $53.31.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.