Zacks Research Has Optimistic Outlook of Corning Q2 Earnings

Corning Incorporated (NYSE:GLW - Free Report) - Equities research analysts at Zacks Research lifted their Q2 2025 EPS estimates for shares of Corning in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.56. The consensus estimate for Corning's current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning's FY2025 earnings at $2.29 EPS, Q1 2026 earnings at $0.60 EPS, Q2 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $2.70 EPS and FY2027 earnings at $2.87 EPS.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share (EPS) 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%.

Other research analysts also recently issued reports about the company. Citigroup boosted their price target on Corning from $55.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Barclays lowered their price target on shares of Corning from $53.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. HSBC raised shares of Corning from a "hold" rating to a "buy" rating and lifted their price objective for the company from $51.00 to $60.00 in a report on Thursday, January 30th. Bank of America increased their target price on shares of Corning from $65.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $54.31.

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Corning Stock Performance

Shares of GLW traded down $0.87 during mid-day trading on Monday, reaching $49.02. The company had a trading volume of 1,407,272 shares, compared to its average volume of 5,495,028. The stock has a market capitalization of $41.99 billion, a P/E ratio of 84.58, a PEG ratio of 1.50 and a beta of 1.03. Corning has a 52-week low of $30.72 and a 52-week high of $55.33. The stock has a 50 day moving average of $49.98 and a two-hundred day moving average of $47.78. The company has a quick ratio of 1.07, a current ratio of 1.62 and a debt-to-equity ratio of 0.62.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.28%. Corning's payout ratio is 193.10%.

Insiders Place Their Bets

In other news, COO Eric S. Musser sold 30,000 shares of Corning stock in a transaction on Friday, January 31st. The stock was sold at an average price of $51.92, for a total transaction of $1,557,600.00. Following the transaction, the chief operating officer now owns 152,944 shares in the company, valued at $7,940,852.48. The trade was a 16.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Alan Bell sold 2,209 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were 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. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Corning

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its position in Corning by 2.9% in the third quarter. Empowered Funds LLC now owns 17,777 shares of the electronics maker's stock valued at $803,000 after purchasing an additional 509 shares during the period. Quest Partners LLC purchased a new stake in Corning in the 3rd quarter valued at about $106,000. Prospera Financial Services Inc acquired a new position in Corning in the third quarter valued at about $264,000. Charles Schwab Investment Management Inc. boosted its stake in Corning by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,853,076 shares of the electronics maker's stock worth $219,116,000 after buying an additional 38,168 shares during the period. Finally, Raymond James Trust N.A. increased its position in shares of Corning by 2.0% during the third quarter. Raymond James Trust N.A. now owns 34,803 shares of the electronics maker's stock valued at $1,571,000 after acquiring an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company's stock.

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.