Corning (NYSE:GLW) Announces Earnings Results

Key Points

• Corning reported a quarterly earnings per share (EPS) of $0.60, exceeding analysts' expectations of $0.57, and has updated its Q3 2025 guidance to an EPS range of $0.630-0.670.
• The company announced a quarterly dividend of $0.28 per share, with a yield of 2.02%, and a dividend payout ratio currently at 215.38%.
• Analyst ratings for Corning show a consensus of "Moderate Buy" with an average target price of $57.73, highlighting a positive outlook from several investment firms.

Corning (NYSE:GLW - Get Free Report) posted its earnings results on Tuesday. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03, Zacks reports. Corning had a return on equity of 17.27% and a net margin of 5.77%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the company earned $0.47 earnings per share. Corning updated its Q3 2025 guidance to 0.630-0.670 EPS.

Corning Price Performance

Shares of GLW traded down $1.21 during midday trading on Friday, reaching $62.03. The stock had a trading volume of 5,845,060 shares, compared to its average volume of 5,686,534. The company has a market capitalization of $53.13 billion, a price-to-earnings ratio of 65.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. Corning has a 12-month low of $37.18 and a 12-month high of $63.91. The company's 50-day moving average is $52.46 and its 200 day moving average is $49.08. The company has a current ratio of 1.50, a quick ratio of 1.05 and a debt-to-equity ratio of 0.58.

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 issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 29th. Corning's dividend payout ratio is presently 119.15%.

Insider Activity at Corning

In related news, CFO Edward A. Schlesinger sold 14,082 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.28, for a total transaction of $877,026.96. Following the completion of the transaction, the chief financial officer owned 78,316 shares of the company's stock, valued at $4,877,520.48. This trade represents a 15.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Avery H. Nelson III sold 36,240 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total value of $2,256,302.40. Following the transaction, the chief operating officer directly owned 64,838 shares of the company's stock, valued at approximately $4,036,813.88. This trade represents a 35.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,381 shares of company stock worth $7,836,789 over the last three months. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Corning

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning during the first quarter valued at $729,000. Finally, Brighton Jones LLC lifted its position in Corning by 46.0% during the fourth 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. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho raised their price objective on Corning from $52.00 to $59.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Argus reissued a "buy" rating and issued a $68.00 price objective on shares of Corning in a research note on Wednesday. UBS Group raised their price objective on Corning from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Oppenheimer raised their price objective on Corning from $55.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley set a $56.00 price objective on Corning and gave the company an "equal weight" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.25.

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.