FY2025 EPS Estimates for Corning Increased by Zacks Research

Corning Incorporated (NYSE:GLW - Free Report) - Equities research analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for Corning in a report issued on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $2.23 for the year, up from their previous forecast of $2.21. The consensus estimate for Corning's current full-year earnings is $1.95 per share. Zacks Research also issued estimates for Corning's Q2 2026 earnings at $0.64 EPS and FY2026 earnings at $2.65 EPS.

GLW has been the subject of a number of other research reports. Morgan Stanley lifted their target price on Corning from $39.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Corning from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Corning from $46.00 to $51.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Corning from a "buy" rating to a "hold" rating in a research note on Monday, December 16th. Finally, Bank of America increased their price objective on shares of Corning from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Corning presently has an average rating of "Moderate Buy" and an average price target of $50.77.

Corning Stock Up 0.4 %

Shares of GLW traded up $0.19 on Monday, hitting $47.50. 2,852,201 shares of the stock traded hands, compared to its average volume of 5,548,962. The company has a market capitalization of $40.67 billion, a PE ratio of 279.41, a P/E/G ratio of 1.54 and a beta of 1.03. Corning has a one year low of $29.71 and a one year high of $51.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.66. The business has a 50 day simple moving average of $47.75 and a 200 day simple moving average of $43.78.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.72 billion. Corning had a net margin of 1.24% and a return on equity of 13.45%. Corning's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS.

Institutional Investors Weigh In On Corning

A number of institutional investors have recently added to or reduced their stakes in GLW. Principal Financial Group Inc. increased its holdings in shares of Corning by 1.4% in the third quarter. Principal Financial Group Inc. now owns 890,981 shares of the electronics maker's stock worth $40,228,000 after purchasing an additional 12,451 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Corning by 39.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 91,821 shares of the electronics maker's stock worth $4,130,000 after acquiring an additional 26,097 shares during the last quarter. Beaird Harris Wealth Management LLC raised its holdings in shares of Corning by 105.1% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 3,259 shares of the electronics maker's stock worth $147,000 after acquiring an additional 1,670 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Corning by 48.4% during the 3rd quarter. Franklin Resources Inc. now owns 191,648 shares of the electronics maker's stock valued at $8,975,000 after acquiring an additional 62,514 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of Corning by 0.7% in the third quarter. Peapack Gladstone Financial Corp now owns 51,821 shares of the electronics maker's stock valued at $2,339,000 after purchasing an additional 350 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Corning

In other news, SVP John P. Bayne, Jr. sold 5,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $48.39, for a total value of $241,950.00. Following the completion of the transaction, the senior vice president now owns 6,700 shares of the company's stock, valued at $324,213. This represents a 42.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John P. Bayne, Jr. sold 8,876 shares of Corning stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $49.09, for a total value of $435,722.84. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, November 15th. Corning's payout ratio is 658.82%.

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.