Corning (GLW) to Release Earnings on Tuesday

Corning (NYSE:GLW - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $3.84 billion for the quarter. Corning has set its Q2 2025 guidance at 0.550-0.590 EPS.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Corning had a net margin of 3.34% and a return on equity of 16.47%. The company had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter last year, the company posted $0.38 EPS. The firm's revenue was up 12.9% compared to the same quarter last year. On average, analysts expect Corning to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corning Stock Up 3.2%

GLW stock traded up $1.75 during midday trading on Wednesday, hitting $55.77. The company's stock had a trading volume of 8,079,179 shares, compared to its average volume of 5,262,097. The firm has a market capitalization of $47.77 billion, a P/E ratio of 107.25, a PEG ratio of 1.45 and a beta of 1.11. The firm has a 50-day simple moving average of $50.70 and a 200-day simple moving average of $48.47. Corning has a 52-week low of $37.18 and a 52-week high of $56.22. The company has a quick ratio of 1.05, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.12 annualized dividend and a dividend yield of 2.01%. Corning's dividend payout ratio (DPR) is currently 215.38%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Corning in a research report on Tuesday, July 8th. They set an "outperform" rating for the company. Oppenheimer decreased their price objective on shares of Corning from $58.00 to $55.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group lifted their price objective on shares of Corning from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley boosted their price target on shares of Corning from $44.00 to $50.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.45.

Insider Buying and Selling

In other news, SVP Stefan Becker sold 17,106 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $49.68, for a total transaction of $849,826.08. Following the transaction, the senior vice president directly owned 16,117 shares in the company, valued at $800,692.56. The trade was a 51.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Z. Zhang sold 8,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $46.91, for a total transaction of $375,280.00. Following the transaction, the vice president owned 9,610 shares in the company, valued at approximately $450,805.10. This trade represents a 45.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,796 shares of company stock valued at $3,632,635 in the last quarter. Corporate insiders own 0.32% of the company's stock.

Institutional Trading of Corning

Several institutional investors and hedge funds have recently modified their holdings of the business. Retirement Planning Co of New England Inc. acquired a new position in shares of Corning during the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Hedge funds and other institutional investors 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.