Zacks Research Research Analysts Increase Earnings Estimates for Corning Incorporated (NYSE:GLW)

Corning Incorporated (NYSE:GLW) – Stock analysts at Zacks Research lifted their FY2025 earnings per share (EPS) estimates for Corning in a report issued on Wednesday, June 19th. Zacks Research analyst R. Department now forecasts 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) last announced its earnings results on Tuesday, April 30th. The electronics maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Corning had a return on equity of 12.31% and a net margin of 4.96%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis.

GLW has been the subject of a number of other reports. UBS Group upped their target price on Corning from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of Corning from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $43.00 in a research report on Thursday, May 30th. Susquehanna reaffirmed a “positive” rating and issued a $40.00 price objective on shares of Corning in a research note on Monday, April 1st. Mizuho lifted their price target on shares of Corning from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 18th. Finally, Citigroup increased their price objective on Corning from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Corning currently has a consensus rating of “Hold” and a consensus price target of $38.67.

Corning Stock Down 0.3 %

Corning stock opened at $39.78 on Monday. Corning has a 52 week low of $25.26 and a 52 week high of $40.46. The stock has a market cap of $34.08 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 1.82 and a beta of 1.08. The company’s 50-day moving average price is $35.52 and its two-hundred day moving average price is $32.97. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Corning during the 4th quarter worth about $247,721,000. Price T Rowe Associates Inc. MD raised its stake in Corning by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,200,828 shares of the electronics maker’s stock valued at $566,941,000 after purchasing an additional 4,464,893 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Corning by 9.0% in the 4th quarter. Wellington Management Group LLP now owns 31,312,779 shares of the electronics maker’s stock valued at $953,474,000 after purchasing an additional 2,597,878 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Corning by 15.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,615,078 shares of the electronics maker’s stock worth $536,114,000 after purchasing an additional 2,301,745 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Corning by 41.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,212,356 shares of the electronics maker’s stock valued at $189,166,000 after buying an additional 1,828,097 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In other news, SVP John Z. Zhang sold 12,546 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $33.42, for a total transaction of $419,287.32. Following the completion of the sale, the senior vice president now directly owns 11,355 shares of the company’s stock, valued at approximately $379,484.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Corning news, SVP John Z. Zhang sold 12,546 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $33.42, for a total transaction of $419,287.32. Following the transaction, the senior vice president now directly owns 11,355 shares of the company’s stock, valued at $379,484.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey W. Evenson sold 103,437 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $33.19, for a total value of $3,433,074.03. Following the sale, the vice president now owns 70,110 shares of the company’s stock, valued at approximately $2,326,950.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,207 shares of company stock worth $5,876,067. Corporate insiders own 0.45% of the company’s stock.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, May 31st. Corning’s dividend payout ratio (DPR) is presently 157.75%.

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.