Corning Incorporated (NYSE:GLW) to Post FY2025 Earnings of $2.11 Per Share, Zacks Research Forecasts

Corning Incorporated (NYSE:GLW - Free Report) - Analysts at Zacks Research lifted their FY2025 EPS estimates for Corning in a research report issued on Wednesday, June 19th. Zacks Research analyst R. Department now anticipates that the electronics maker will post earnings of $2.11 per share for the year, up from their prior estimate of $2.10. The consensus estimate for Corning's current full-year earnings is $1.90 per share. Zacks Research also issued estimates for Corning's Q4 2025 earnings at $0.54 EPS and FY2026 earnings at $2.37 EPS.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.12 billion. Corning had a net margin of 4.96% and a return on equity of 12.31%. The firm's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share.

Other equities analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Corning from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $35.00 to $38.00 in a report on Thursday, June 13th. Fox Advisors upgraded shares of Corning from an "equal weight" rating to an "overweight" rating and set a $45.00 target price on the stock in a report on Monday, June 17th. Susquehanna restated a "positive" rating and set a $40.00 target price on shares of Corning in a report on Monday, April 1st. Bank of America boosted their target price on shares of Corning from $38.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, June 14th. Finally, UBS Group boosted their target price on shares of Corning from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $38.67.

Corning Stock Down 0.4 %

Shares of GLW stock traded down $0.15 during trading on Monday, reaching $39.90. The company's stock had a trading volume of 9,370,096 shares, compared to its average volume of 5,278,670. The business has a fifty day moving average price of $35.34 and a 200-day moving average price of $32.90. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.61. The company has a market cap of $34.18 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. Corning has a one year low of $25.26 and a one year high of $40.46.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.81%. Corning's dividend payout ratio (DPR) is presently 157.75%.

Insider Activity at Corning

In related news, VP Jeffrey W. Evenson sold 12,830 shares of the company's stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $37.39, for a total value of $479,713.70. Following the transaction, the vice president now directly owns 57,280 shares in the company, valued at $2,141,699.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Jeffrey W. Evenson sold 12,830 shares of the company's stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $37.39, for a total value of $479,713.70. Following the transaction, the vice president now directly owns 57,280 shares in the company, valued at $2,141,699.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Z. Zhang sold 12,546 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $33.42, for a total transaction of $419,287.32. Following the completion of the transaction, the senior vice president now owns 11,355 shares in the company, valued at $379,484.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,207 shares of company stock worth $5,876,067. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Corning

Institutional investors and hedge funds have recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its position in Corning by 800.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 900 shares of the electronics maker's stock worth $27,000 after purchasing an additional 800 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Corning by 232.9% in the third quarter. SRS Capital Advisors Inc. now owns 932 shares of the electronics maker's stock worth $28,000 after acquiring an additional 652 shares during the last quarter. Access Investment Management LLC bought a new position in shares of Corning in the first quarter worth about $28,000. Bruce G. Allen Investments LLC bought a new position in shares of Corning in the fourth quarter worth about $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Corning by 347.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,060 shares of the electronics maker's stock worth $32,000 after acquiring an additional 823 shares during the last quarter. Institutional investors own 69.80% of the company's stock.

About Corning

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.