Corning (GLW) Expected to Announce Earnings on Tuesday

Corning (NYSE:GLW - Get Free Report) is projected 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, topping the consensus estimate of $0.51 by $0.03. Corning had a return on equity of 16.47% and a net margin of 3.34%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the firm posted $0.38 EPS. The business'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 0.1%

GLW stock traded up $0.08 during mid-day trading on Thursday, hitting $55.88. The stock had a trading volume of 2,172,671 shares, compared to its average volume of 5,551,611. The company has a current ratio of 1.69, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Corning has a 1-year low of $37.18 and a 1-year high of $56.25. The company has a fifty day moving average of $51.14 and a 200 day moving average of $48.60. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 107.46, a PEG ratio of 1.46 and a beta of 1.11.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, August 29th. Corning's payout ratio is currently 215.38%.

Analyst Ratings Changes

Several research firms have recently issued reports on GLW. JPMorgan Chase & Co. upped their price target on Corning from $52.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Citigroup upped their price target on Corning from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wolfe Research began coverage on Corning in a research note on Tuesday, July 8th. They set an "outperform" rating for the company. Morgan Stanley upped their price target on Corning from $44.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, UBS Group increased their target price on Corning from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating, nine have assigned 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 price target of $57.45.

Insider Activity

In other Corning news, VP John Z. Zhang sold 9,610 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $49.29, for a total value of $473,676.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stefan Becker sold 17,106 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $49.68, for a total value of $849,826.08. Following the completion of the transaction, the senior vice president directly owned 16,117 shares of the company's stock, valued at approximately $800,692.56. This trade represents a 51.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,796 shares of company stock worth $3,632,635 over the last 90 days. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Corning

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Corning by 9.3% in 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 acquiring an additional 5,522 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new position in Corning in the 1st quarter valued at approximately $729,000. 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.