Corning (NYSE:GLW) Releases Quarterly Earnings Results

Corning (NYSE:GLW - Get Free Report) posted its earnings results on Tuesday. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03, Zacks reports. The firm had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.63 billion. Corning had a net margin of 3.86% and a return on equity of 15.10%. The company's revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Corning updated its Q2 2025 guidance to 0.550-0.590 EPS.

Corning Trading Up 2.2 %

Shares of GLW stock traded up $0.98 during trading hours on Friday, reaching $45.76. The company had a trading volume of 4,428,237 shares, compared to its average volume of 5,964,697. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.62 and a quick ratio of 1.07. Corning has a 1-year low of $32.92 and a 1-year high of $55.33. The company has a 50 day moving average of $44.79 and a 200 day moving average of $47.53. The firm has a market cap of $39.21 billion, a price-to-earnings ratio of 78.90, a P/E/G ratio of 1.50 and a beta of 1.03.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, May 30th. Corning's dividend payout ratio is presently 193.10%.

Insider Activity at Corning

In related news, SVP Michael Alan Bell sold 20,262 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $44.06, for a total value of $892,743.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

A hedge fund recently raised its stake in Corning stock. Brighton Jones LLC lifted its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 46.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,705 shares of the electronics maker's stock after purchasing an additional 2,114 shares during the quarter. Brighton Jones LLC's holdings in Corning were worth $319,000 as of its most recent SEC filing. Institutional investors and hedge funds own 69.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GLW shares. Hsbc Global Res upgraded Corning from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th. StockNews.com cut Corning from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Barclays decreased their target price on shares of Corning from $53.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Bank of America increased their target price on Corning from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, Citigroup reduced their price target on shares of Corning from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.08.

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.