Should I buy or sell Corning stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GLW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GLW, but not buy additional shares or sell existing shares. View GLW analyst ratings or view top-rated stocks .

What is Corning's stock price target for 2024?

9 brokers have issued 1-year target prices for Corning's shares. Their GLW share price targets range from $29.00 to $40.00. On average, they anticipate the company's share price to reach $34.56 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View analysts price targets for GLW or view top-rated stocks among Wall Street analysts .

How have GLW shares performed in 2024?

Corning's stock was trading at $30.45 at the start of the year. Since then, GLW stock has increased by 2.2% and is now trading at $31.11. View the best growth stocks for 2024 here .

Are investors shorting Corning?

Corning saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,520,000 shares, a drop of 7.2% from the March 15th total of 12,410,000 shares. Based on an average trading volume of 4,780,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.5% of the shares of the stock are short sold. View Corning's Short Interest .

When is Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our GLW earnings forecast .

How can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Tuesday, April 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its quarterly earnings data on Tuesday, January, 30th. The electronics maker reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The electronics maker earned $2.99 billion during the quarter, compared to analyst estimates of $3.26 billion. Corning had a trailing twelve-month return on equity of 12.31% and a net margin of 4.62%. The firm's revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. Read the conference call transcript .

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.28 per share on Thursday, March 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, February 28th. Read our dividend analysis for GLW .

Is Corning a good dividend stock?

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.56%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 167.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 52.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GLW .

What ETFs hold Corning's stock?

ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV) , ProShares S&P Kensho Cleantech ETF (CTEX) , SPDR S&P Kensho Clean Power ETF (CNRG) , First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV) , ALPS Sector Dividend Dogs ETF (SDOG) , ASYMshares ASYMmetric S&P 500 ETF (ASPY) , WisdomTree U.S. AI Enhanced Value Fund (AIVL) and Motley Fool Next Index ETF (TMFX) .

What guidance has Corning issued on next quarter's earnings?

Corning issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 0.320-0.380 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.2 billion.

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com . Wendell P. Weeks has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Corning own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC) , Cisco Systems (CSCO) , NVIDIA (NVDA) , AT&T (T) , QUALCOMM (QCOM) , Micron Technology (MU) , Advanced Micro Devices (AMD) , General Electric (GE) , Walt Disney (DIS) and Johnson & Johnson (JNJ) .

Who are Corning's major shareholders?

Corning's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.14%), Gateway Investment Advisers LLC (0.06%), Meyer Handelman Co. (0.06%), Osher Van de Voorde Investment Management (0.05%), O Keefe Stevens Advisory Inc. (0.04%) and Parkside Investments LLC (0.02%). Insiders that own company stock include Anne Mullins , Cheryl C Capps , Cheryl C Capps , Clark S Kinlin , David L Morse, David L Morse , Eric S Musser , John P Bayne Jr , John Z Zhang , Lawrence D Mcrae, Lawrence D Mcrae , Lewis A Steverson , Li Fang , Martin J Curran , Michael Alan Bell , Robert P France, Robert P France , Roger W Jr Ferguson , Stefan Becker , Thomas Peterffy, Wendell P Weeks and Wendell P Weeks . View institutional ownership trends .

How do I buy shares of Corning?

Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Corning have any subsidiaries?

The following companies are subsidiares of Corning: 3M Communication - Markets Division, Alliance Fiber Optic Products Inc., Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Bioscience Inc., Axygen Holdings Corporation, Axygen Inc., Chengdu Honing Display Glass Co. Ltd., China Renewable Energy Fund LP, Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning Automotive Glass Solutions (Hefei) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Materials (Chongqing) Co. Ltd, Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning Incorporated, Corning International Corporation, Corning Japan K.K., Corning Life Sciences (Wujiang) Co. Ltd., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications LLC, Corning Optical Communications Polska Sp. z o. o., Corning Optical Communications RF LLC, Corning Optical Communications S. de R.L. de C.V., Corning Optical Communications Vermoegensverwaltungs GmbH, Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.à.r.l., Corning Singapore Holdings Pte Ltd, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, DC HSC Holdings LLC, Discovery Labware Inc., Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, HSC Holdings LLC, Hemlock Holdings LLC, Hemlock Semiconductor L.L.C., Hemlock Semiconductor Operations LLC, Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, NZ Applied Technologies Corporation, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc.. Read More

NYSE:GLW

Corning (GLW) Stock Price, News & Analysis

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$31.07

-0.22 (-0.70%)

(As of 01:28 PM ET)

Compare

Today's Range: $30.95
▼
$31.44
50-Day Range: $31.28
▼
$33.38
52-Week Range: $25.26
▼
$36.01

Volume: 2.42 million shs
Average Volume: 4.71 million shs
Market Capitalization: $26.58 billion

P/E Ratio: 46.37
Dividend Yield: 3.60%
Price Target: $34.56

Get Corning alerts:

Corning MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 11.1% Upside
$34.56 Price Target
Short Interest: Healthy
1.49% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.48
Based on 19 Articles This Week
Insider Trading: Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth: 13.98%
From $1.86 to $2.12 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Computer And Technology Sector

74th out of 591 stocks

Electronic Components Industry

1st out of 1 stocks

3.2

Analyst's Opinion

Consensus Rating
Corning has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Corning has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.49% of the float of Corning has been sold short.
Short Interest Ratio / Days to Cover
Corning has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Corning has recently decreased by 7.17%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Leadership
Corning is a leading dividend payer. It pays a dividend yield of 3.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Corning has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Corning is 167.16%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Corning will have a dividend payout ratio of 52.83% next year. This indicates that Corning will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GLW.

2.5

News and Social Media Coverage

News Sentiment
Corning has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Corning this week, compared to 11 articles on an average week.
Search Interest
Only 11 people have searched for GLW on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
38 people have added Corning to their MarketBeat watchlist in the last 30 days. This is an increase of 111% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corning insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,574,903.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Corning is held by insiders.
Percentage Held by Institutions
69.80% of the stock of Corning is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Corning are expected to grow by 13.98% in the coming year, from $1.86 to $2.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corning is 46.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corning is 46.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 223.54.
Price to Earnings Growth Ratio
Corning has a PEG Ratio of 1.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Corning has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Corning Stock (NYSE:GLW)

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. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

GLW Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GLW Stock News Headlines

March 24, 2024 | insidertrades.com

Lawrence D. Mcrae Sells 77,464 Shares of Corning Incorporated (NYSE:GLW) Stock

April 16, 2024 | americanbankingnews.com

Corning Incorporated (NYSE:GLW) Short Interest Update

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 14, 2024 | finance.yahoo.com

Weak Financial Prospects Seem To Be Dragging Down Corning Incorporated (NYSE:GLW) Stock

April 13, 2024 | americanbankingnews.com

Corning (NYSE:GLW) PT Raised to $36.00 at JPMorgan Chase & Co.

April 12, 2024 | sports.yahoo.com

Corning softball ace Peyton Sullivan recalls rollercoaster ride to New Haven commitment

April 12, 2024 | msn.com

One year of rugby brings state title, Division I scholarship for Corning's Amanda Stephens

April 12, 2024 | americanbankingnews.com

Corning Incorporated (NYSE:GLW) Given Average Recommendation of "Hold" by Brokerages

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | americanbankingnews.com

Brokers Issue Forecasts for Corning Incorporated's FY2026 Earnings (NYSE:GLW)

April 10, 2024 | msn.com

City of Corning to close Bridge Street for flood protection

April 10, 2024 | msn.com

Corning man arrested for sexual assault

April 9, 2024 | msn.com

Job fair to be hosted at Corning Post Office this Wednesday

April 9, 2024 | americanbankingnews.com

Corning (NYSE:GLW) PT Raised to $35.00

April 8, 2024 | usatoday.com

Solar eclipse forecast for Elmira, Corning, Hornell areas: Will there be clouds?

April 7, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - GLW

April 5, 2024 | msn.com

Corning police seize 2,360 pounds of marijuana

April 4, 2024 | markets.businessinsider.com

Corning Inc.: Strong Buy Rating Amidst Positive Demand Trends and Growth Potential

April 3, 2024 | msn.com

Corning police seize $1.3M worth of marijuana on Easter Sunday

April 3, 2024 | yahoo.com

Corning Museum of Glass plans eclipse watch party April 8. What to know about event.

April 3, 2024 | msn.com

Horseheads girls lacrosse outlast Owego, Corning and Elmira Notre Dame boys fall on the road

April 3, 2024 | msn.com

Vestal remains unbeaten with win over Corning

April 2, 2024 | chicago.suntimes.com

Corning sheds light on fiber optics at O’Hare

April 1, 2024 | msn.com

A special look at Corning vs. Horseheads boys lacrosse

March 31, 2024 | finance.yahoo.com

Are Investors Undervaluing Corning Incorporated (NYSE:GLW) By 21%?

March 31, 2024 | msn.com

Horseheads boys lacrosse tops Corning, Elmira falls to Vestal

March 30, 2024 | msn.com

Round-Up, other rodeos are Corning woman’s “happy place”

See More Headlines

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Company Calendar

Last Earnings: 1/30/2024
Ex-Dividend for 3/28 Dividend: 2/28/2024
Dividend Payable: 3/28/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Electronic Components
Sub-Industry: Electronic Components
Current Symbol: NYSE:GLW
CUSIP: 21935010
CIK: 24741
Web: www.corning.com
Phone: (607) 974-9000
Fax: 607-974-2063
Employees: 49,800
Year Founded: 1851

Price Target and Rating

Average Stock Price Target: $34.56
High Stock Price Target: $40.00
Low Stock Price Target: $29.00
Potential Upside/Downside: +11.1%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.67
Trailing P/E Ratio: 46.43
Forward P/E Ratio: 16.73
P/E Growth: 1.79
Net Income: $581 million
Net Margins: 4.62%
Pretax Margin: 6.48%
Return on Equity: 12.31%
Return on Assets: 5.12%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 1.67
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $12.59 billion
Price / Sales: 2.11
Cash Flow: $3.28 per share
Price / Cash Flow: 9.49
Book Value: $13.91 per share
Price / Book: 2.24

Miscellaneous

Outstanding Shares: 855,350,000
Free Float: 851,503,000
Market Cap: $26.61 billion
Optionable: Optionable
Beta: 1.08

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Key Executives

Mr. Wendell P. Weeks (Age 64)
Chairman & CEO
Comp: $3.94M
Mr. Eric S. Musser (Age 64)
President & COO
Comp: $1.81M
Mr. Edward A. Schlesinger (Age 56)
Executive VP & CFO
Comp: $1M
Mr. Lewis A. Steverson (Age 60)
Executive VP and Chief Legal & Administrative Officer
Comp: $1.56M
Dr. Jaymin Amin (Age 55)
Senior VP & CTO
Ms. Soumya Seetharam (Age 48)
Senior VP and Chief Digital & Information Officer
Ms. Ann H. S. Nicholson
Vice President of Investor Relations
Kevin G. Corliss
VP of Global Employee Relations & Chief Compliance Officer
Ms. Jordana D. Kammerud (Age 46)
Senior VP & Chief Human Resources Officer
Mr. Martin J. Curran (Age 65)
Executive VP & Innovation Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Corning Stock? GLW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Corning Incorporated:

Corning Incorporated has a diverse business portfolio, including display technologies, optical communications, environmental technologies, specialty materials, and life sciences, providing exposure to multiple industries and reducing risk.
The company's consistent investment in research and development to innovate new products and technologies, ensuring competitiveness and potential for future growth.
Corning's strong financial position with a market capitalization of $28.19 billion, indicating stability and potential for long-term growth.
Corning's recent earnings report showed a positive EPS of $0.39 for the quarter, meeting expectations, which can instill confidence in investors.
The company's stock price has shown resilience, with a fifty-two week high of $36.01, indicating potential for capital appreciation.

Cons

Investors should be bearish about investing in Corning Incorporated for these reasons:

Corning's price-to-earnings ratio of 49.19 may indicate that the stock is currently overvalued, potentially limiting short-term gains for investors.
The company's debt-to-equity ratio of 0.61 suggests a moderate level of debt, which could pose risks in case of economic downturns or interest rate hikes.
Corning's beta of 1.08 indicates that the stock is slightly more volatile than the market average, which may not be suitable for risk-averse investors.
The price-to-earnings-growth ratio of 1.84 may imply that the stock is relatively expensive compared to its growth prospects, potentially limiting future returns.
Corning's fifty-day moving average price of $32.12 and 200-day moving average price of $30.27 may suggest a lack of significant price momentum in the short to medium term.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Corning pros and cons to contact@marketbeat.com.

GLW Stock Analysis - Frequently Asked Questions

Should I buy or sell Corning stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GLW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GLW, but not buy additional shares or sell existing shares.
View GLW analyst ratings or view top-rated stocks.
What is Corning's stock price target for 2024?: 9 brokers have issued 1-year target prices for Corning's shares. Their GLW share price targets range from $29.00 to $40.00. On average, they anticipate the company's share price to reach $34.56 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price.
View analysts price targets for GLW or view top-rated stocks among Wall Street analysts.
How have GLW shares performed in 2024?: Corning's stock was trading at $30.45 at the start of the year. Since then, GLW stock has increased by 2.2% and is now trading at $31.11.
View the best growth stocks for 2024 here.
Are investors shorting Corning?: Corning saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,520,000 shares, a drop of 7.2% from the March 15th total of 12,410,000 shares. Based on an average trading volume of 4,780,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.5% of the shares of the stock are short sold.
View Corning's Short Interest.
When is Corning's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our GLW earnings forecast.
How can I listen to Corning's earnings call?: Corning will be holding an earnings conference call on Tuesday, April 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Corning's earnings last quarter?: Corning Incorporated (NYSE:GLW) issued its quarterly earnings data on Tuesday, January, 30th. The electronics maker reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The electronics maker earned $2.99 billion during the quarter, compared to analyst estimates of $3.26 billion. Corning had a trailing twelve-month return on equity of 12.31% and a net margin of 4.62%. The firm's revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share.
Read the conference call transcript.
How often does Corning pay dividends? What is the dividend yield for Corning?: Corning announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.28 per share on Thursday, March 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for GLW.

Is Corning a good dividend stock?: Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.56%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 167.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 52.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.
What ETFs hold Corning's stock?: ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV), ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV), ALPS Sector Dividend Dogs ETF (SDOG), ASYMshares ASYMmetric S&P 500 ETF (ASPY), WisdomTree U.S. AI Enhanced Value Fund (AIVL) and Motley Fool Next Index ETF (TMFX).
What guidance has Corning issued on next quarter's earnings?: Corning issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 0.320-0.380 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.2 billion.
What is Wendell P. Weeks' approval rating as Corning's CEO?: 413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.
What other stocks do shareholders of Corning own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).
Who are Corning's major shareholders?: Corning's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.14%), Gateway Investment Advisers LLC (0.06%), Meyer Handelman Co. (0.06%), Osher Van de Voorde Investment Management (0.05%), O Keefe Stevens Advisory Inc. (0.04%) and Parkside Investments LLC (0.02%). Insiders that own company stock include Anne Mullins, Cheryl C Capps, Cheryl C Capps, Clark S Kinlin, David L Morse, David L Morse, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
View institutional ownership trends.
How do I buy shares of Corning?: Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Corning have any subsidiaries?: The following companies are subsidiares of Corning: 3M Communication - Markets Division, Alliance Fiber Optic Products Inc., Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Bioscience Inc., Axygen Holdings Corporation, Axygen Inc., Chengdu Honing Display Glass Co. Ltd., China Renewable Energy Fund LP, Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning Automotive Glass Solutions (Hefei) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Materials (Chongqing) Co. Ltd, Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning Incorporated, Corning International Corporation, Corning Japan K.K., Corning Life Sciences (Wujiang) Co. Ltd., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications LLC, Corning Optical Communications Polska Sp. z o. o., Corning Optical Communications RF LLC, Corning Optical Communications S. de R.L. de C.V., Corning Optical Communications Vermoegensverwaltungs GmbH, Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.à.r.l., Corning Singapore Holdings Pte Ltd, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, DC HSC Holdings LLC, Discovery Labware Inc., Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, HSC Holdings LLC, Hemlock Holdings LLC, Hemlock Semiconductor L.L.C., Hemlock Semiconductor Operations LLC, Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, NZ Applied Technologies Corporation, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..
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This page (NYSE:GLW) was last updated on 4/16/2024 by MarketBeat.com Staff

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Corning (GLW) Stock Price, News & Analysis

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