Zacks Research Issues Positive Outlook for Corning Earnings

Corning Incorporated (NYSE:GLW) – Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Corning in a report issued on Thursday, December 19th. Zacks Research analyst R. Department now expects that the electronics maker will post earnings per share of $2.23 for the year, up from their prior estimate 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 topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Corning from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group lifted their price target on shares of Corning from $46.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on Corning from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com upgraded Corning from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of Corning from $40.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.77.

Corning Price Performance

Shares of GLW opened at $47.90 on Monday. The firm has a market capitalization of $41.01 billion, a price-to-earnings ratio of 281.76, a PEG ratio of 1.54 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $47.76 and its 200-day simple moving average is $43.85. Corning has a twelve month low of $29.71 and a twelve month high of $51.03.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Corning had a return on equity of 13.45% and a net margin of 1.24%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. City Holding Co. raised its stake in Corning by 545.5% during the 3rd quarter. City Holding Co. now owns 710 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 600 shares during the last quarter. Cassady Schiller Wealth Management LLC bought a new position in shares of Corning during the 3rd quarter worth about $39,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Corning during the third quarter valued at about $40,000. Global Trust Asset Management LLC lifted its stake in shares of Corning by 2,250.0% in the third quarter. Global Trust Asset Management LLC now owns 940 shares of the electronics maker’s stock valued at $42,000 after buying an additional 900 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Corning by 90.8% during the third quarter. Venturi Wealth Management LLC now owns 994 shares of the electronics maker’s stock worth $45,000 after buying an additional 473 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Corning news, SVP John P. Bayne, Jr. sold 8,876 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $49.09, for a total transaction of $435,722.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John P. Bayne, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $48.39, for a total value of $241,950.00. Following the completion of the sale, the senior vice president now directly owns 6,700 shares in the company, valued at approximately $324,213. This represents a 42.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 2.34%. Corning’s dividend payout ratio (DPR) is presently 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.