FY2025 EPS Estimates for Corning Increased by Zacks Research

Corning Incorporated (NYSE:GLW) – Equities research analysts at Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Corning in a report released 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 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.

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

A number of other equities research analysts have also recently issued reports on the company. StockNews.com upgraded Corning from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America increased their target price on Corning from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Corning from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price target on Corning from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $58.00 target price (up previously from $51.00) on shares of Corning in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.77.

Corning Stock Up 0.8 %

NYSE:GLW opened at $47.90 on Monday. The company has a market cap of $41.01 billion, a PE ratio of 281.76, a PEG ratio of 1.54 and a beta of 1.03. Corning has a 52-week low of $29.71 and a 52-week high of $51.03. The stock has a 50-day simple moving average of $47.76 and a 200 day simple moving average of $43.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.66.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, November 15th. Corning’s dividend payout ratio is currently 658.82%.

Insider Activity at Corning

In related news, SVP John P. Bayne, Jr. sold 5,000 shares of the 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 transaction, the senior vice president now directly owns 6,700 shares in the company, valued at $324,213. This trade represents a 42.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John P. Bayne, Jr. sold 8,876 shares of Corning stock in a transaction 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. 0.45% of the stock is owned by insiders.

Institutional Trading of Corning

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Corning by 52.8% during the 3rd quarter. FMR LLC now owns 3,723,044 shares of the electronics maker’s stock valued at $168,095,000 after purchasing an additional 1,285,836 shares during the last quarter. MBB Public Markets I LLC raised its position in Corning by 806.7% in the second quarter. MBB Public Markets I LLC now owns 64,965 shares of the electronics maker’s stock worth $2,524,000 after acquiring an additional 57,800 shares during the period. Franklin Resources Inc. boosted its stake 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 worth $8,975,000 after acquiring an additional 62,514 shares during the last quarter. Transamerica Financial Advisors Inc. grew its position in shares of Corning by 529.6% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 16,533 shares of the electronics maker’s stock valued at $747,000 after acquiring an additional 13,907 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Corning in the 2nd quarter worth $511,000. 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.