Corning (GLW) to Release Earnings on Tuesday

Corning (NYSE:GLW - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data 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 earnings results on Tuesday, April 29th. The electronics maker reported $0.54 earnings per share 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 business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the business earned $0.38 EPS. The firm's revenue was up 12.9% on a year-over-year basis. On average, analysts expect Corning to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corning Price Performance

Shares of Corning stock traded up $0.15 during trading on Tuesday, hitting $54.05. 3,865,135 shares of the company's stock traded hands, compared to its average volume of 5,250,834. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.05. The firm's fifty day moving average price is $50.70 and its 200 day moving average price is $48.47. Corning has a twelve month low of $37.18 and a twelve month high of $55.33. The company has a market cap of $46.29 billion, a PE ratio of 25.42, a PEG ratio of 1.45 and a beta of 1.11.

Corning Announces Dividend

The firm also recently announced 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 2.07%. Corning's dividend payout ratio (DPR) is currently 215.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Corning from $52.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. 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. Wolfe Research assumed coverage on shares of Corning in a research report on Tuesday, July 8th. They issued an "outperform" rating on the stock. UBS Group boosted their price target on shares of Corning from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Mizuho set a $59.00 price target on shares of Corning and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.45.

Insider Buying and Selling at Corning

In other Corning news, VP John Z. Zhang sold 8,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $46.91, for a total value of $375,280.00. Following the completion of the sale, the vice president owned 9,610 shares of the company's stock, valued at approximately $450,805.10. This represents a 45.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Soumya Seetharam sold 6,505 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $50.01, for a total transaction of $325,315.05. Following the completion of the sale, the senior vice president directly owned 25,000 shares of the company's stock, valued at $1,250,250. The trade was a 20.65% decrease in their position. 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 over the last 90 days. Company insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On Corning

Large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after buying an additional 2,114 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock worth $2,962,000 after purchasing an additional 5,522 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new position in Corning during the first quarter worth $729,000. 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.