Corning (GLW) Expected to Announce Earnings on Tuesday

Corning (NYSE:GLW) is expected to be releasing its Q1 2025 earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $3.63 billion for the quarter. Corning has set its Q1 2025 guidance at 0.480-0.520 EPS.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. Corning had a return on equity of 15.10% and a net margin of 3.86%. On average, analysts expect Corning to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corning Stock Down 1.8 %

Corning stock opened at $40.77 on Tuesday. The business’s 50-day simple moving average is $46.19 and its two-hundred day simple moving average is $47.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.62. The company has a market cap of $34.93 billion, a PE ratio of 70.29, a PEG ratio of 1.50 and a beta of 1.03. Corning has a fifty-two week low of $31.20 and a fifty-two week high of $55.33.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.28 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 2.75%. Corning’s dividend payout ratio (DPR) is presently 193.10%.

Insider Buying and Selling at Corning

In other Corning news, COO Eric S. Musser sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $51.92, for a total transaction of $1,557,600.00. Following the completion of 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 SEC, which is available at this link. Also, SVP Michael Alan Bell sold 2,209 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $49.87, for a total value of $110,162.83. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Corning stock. Brighton Jones LLC raised its position in Corning Incorporated (NYSE:GLW) by 46.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,705 shares of the electronics maker’s stock after purchasing an additional 2,114 shares during the period. Brighton Jones LLC’s holdings in Corning were worth $319,000 at the end of the most recent reporting period. 69.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Corning from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Citigroup reduced their price objective on Corning from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Bank of America upped their target price on Corning from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Mizuho set a $52.00 price target on Corning in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Corning from $62.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.31.

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.