Corning (NYSE:GLW) Issues Q2 2025 Earnings Guidance

Corning (NYSE:GLW - Get Free Report) issued an update on its second quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.550-0.590 for the period, compared to the consensus EPS estimate of 0.560. The company issued revenue guidance of $3.9 billion-$3.9 billion, compared to the consensus revenue estimate of $3.8 billion.

Corning Stock Performance

GLW traded up $0.98 during midday trading on Friday, hitting $45.76. 4,428,237 shares of the company were exchanged, compared to its average volume of 5,964,695. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 78.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The company's 50 day simple moving average is $44.87 and its 200 day simple moving average is $47.54. The company has a current ratio of 1.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Corning has a 1-year low of $32.92 and a 1-year high of $55.33.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly 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 return on equity of 15.10% and a net margin of 3.86%. The company had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same period last year, the business earned $0.38 earnings per share. Corning's quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts predict that Corning will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 (DPR) is presently 193.10%.

Analyst Ratings Changes

A number of research analysts have weighed in on GLW shares. 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. StockNews.com cut Corning from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. HSBC upgraded Corning from a "hold" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $60.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Corning from $62.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Corning from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.08.

Insider Activity

In other Corning news, SVP Michael Alan Bell sold 20,262 shares of Corning stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $44.06, for a total transaction of $892,743.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company's stock.

Institutional Trading of Corning

A hedge fund recently raised its stake in Corning stock. Brighton Jones LLC boosted its stake in Corning Incorporated (NYSE:GLW - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,705 shares of the electronics maker's stock after buying an additional 2,114 shares during the period. Brighton Jones LLC's holdings in Corning were worth $319,000 at the end of the most recent 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.