Corning Incorporated (NYSE:GLW – Free Report) – Analysts at Zacks Research lifted their Q4 2026 earnings per share estimates for shares of Corning in a note issued to investors on Monday, September 15th. Zacks Research analyst Team now forecasts that the electronics maker will post earnings of $0.77 per share for the quarter, up from their previous estimate of $0.76. The consensus estimate for Corning’s current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning’s Q2 2027 earnings at $0.73 EPS and FY2027 earnings at $2.95 EPS.
Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same period in the previous year, the firm posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS.
Check Out Our Latest Stock Report on Corning
Corning Trading Up 1.0%
Shares of GLW opened at $78.74 on Tuesday. The stock has a fifty day moving average of $63.79 and a two-hundred day moving average of $52.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. The company has a market capitalization of $67.45 billion, a PE ratio of 83.77, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. Corning has a fifty-two week low of $37.31 and a fifty-two week high of $78.81.
Corning Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. Corning’s dividend payout ratio is 119.15%.
Insiders Place Their Bets
In other news, CFO Edward A. Schlesinger sold 14,082 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.28, for a total value of $877,026.96. Following the sale, the chief financial officer owned 78,316 shares in the company, valued at approximately $4,877,520.48. This represents a 15.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Paul O’day sold 14,879 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the sale, the senior vice president owned 35,743 shares in the company, valued at approximately $2,228,933.48. This trade represents a 29.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,950 shares of company stock worth $10,449,192. Company insiders own 0.32% of the company’s stock.
Institutional Investors Weigh In On Corning
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after acquiring an additional 1,582,895 shares during the period. State Street Corp raised its stake in Corning by 1.4% during the second quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after acquiring an additional 509,013 shares during the period. Geode Capital Management LLC raised its stake in Corning by 0.6% during the second quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock worth $1,018,629,000 after acquiring an additional 112,739 shares during the period. Ameriprise Financial Inc. raised its stake in Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after acquiring an additional 1,036,988 shares during the period. Finally, Norges Bank acquired a new stake in Corning during the second quarter worth about $534,936,000. Institutional investors and hedge funds own 69.80% of the company’s stock.
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.
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