FY2026 Earnings Estimate for Corning Incorporated Issued By Zacks Research (NYSE:GLW)

Corning Incorporated (NYSE:GLW - Free Report) - Analysts at Zacks Research decreased their FY2026 EPS estimates for Corning in a research note issued on Monday, April 8th. Zacks Research analyst R. Department now anticipates that the electronics maker will post earnings per share of $2.29 for the year, down from their prior forecast of $2.31. The consensus estimate for Corning's current full-year earnings is $1.86 per share.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Tuesday, January 30th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Corning had a net margin of 4.62% and a return on equity of 12.31%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter last year, the company posted $0.47 earnings per share. Corning's revenue was down 12.1% on a year-over-year basis.

Several other brokerages have also commented on GLW. HSBC lowered shares of Corning from a "hold" rating to a "reduce" rating and set a $29.00 price target on the stock. in a research note on Thursday, February 1st. Susquehanna restated a "positive" rating and issued a $40.00 price target on shares of Corning in a research note on Monday, April 1st. StockNews.com upgraded shares of Corning from a "sell" rating to a "hold" rating in a research note on Monday, April 1st. UBS Group raised their price objective on shares of Corning from $34.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Barclays raised their price objective on shares of Corning from $28.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Corning presently has a consensus rating of "Hold" and a consensus price target of $34.00.

Corning Stock Performance

Shares of NYSE:GLW traded down $0.61 during trading hours on Wednesday, hitting $31.94. The stock had a trading volume of 4,155,323 shares, compared to its average volume of 4,759,457. The stock's fifty day simple moving average is $32.41 and its 200 day simple moving average is $30.34. Corning has a 1-year low of $25.26 and a 1-year high of $36.01. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.05 and a current ratio of 1.67.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Wednesday, February 28th. Corning's payout ratio is 167.16%.

Insider Buying and Selling

In related news, Vice Chairman Lawrence D. Mcrae sold 77,464 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $33.24, for a total transaction of $2,574,903.36. Following the completion of the sale, the insider now directly owns 215,254 shares in the company, valued at $7,155,042.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Corning

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors L.P. boosted its stake in Corning by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 101,322 shares of the electronics maker's stock worth $3,087,000 after purchasing an additional 5,616 shares during the period. KMG Fiduciary Partners LLC acquired a new position in Corning in the 4th quarter worth approximately $1,199,000. HB Wealth Management LLC boosted its stake in Corning by 24.2% in the 4th quarter. HB Wealth Management LLC now owns 9,871 shares of the electronics maker's stock worth $301,000 after purchasing an additional 1,926 shares during the period. SG Americas Securities LLC boosted its stake in Corning by 59.8% in the 4th quarter. SG Americas Securities LLC now owns 108,358 shares of the electronics maker's stock worth $3,300,000 after purchasing an additional 40,564 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Corning by 6.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,883,126 shares of the electronics maker's stock valued at $240,199,000 after buying an additional 490,638 shares during the period. Institutional investors and hedge funds 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.