Zacks Research Weighs in on Corning's Q4 Earnings (NYSE:GLW)

Key Points

• Zacks Research has raised its earnings per share estimate for Corning's Q4 2026 from $0.76 to $0.77, while the full-year earnings consensus estimate remains at $2.33.
• Corning reported Q2 earnings of $0.60 per share, surpassing analyst expectations of $0.57, with a revenue of $3.86 billion, exceeding estimates of $3.84 billion.
• The company has announced a quarterly dividend of $0.28, with a payout ratio of 119.15% and a dividend yield of 1.4%, to be paid on September 29th.

Corning Incorporated (NYSE:GLW - Free Report) - Equities research analysts at Zacks Research lifted their Q4 2026 EPS estimates for shares of Corning in a report issued on Monday, September 15th. Zacks Research analyst Team now expects that the electronics maker will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.76. The consensus estimate for Corning's current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning's Q2 2027 earnings at $0.73 EPS and FY2027 earnings at $2.95 EPS.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter last year, the business earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS.

A number of other brokerages have also recently issued reports on GLW. UBS Group raised shares of Corning from a "neutral" rating to a "buy" rating and raised their target price for the stock from $65.00 to $84.00 in a report on Tuesday, September 2nd. Oppenheimer reiterated an "outperform" rating and issued a $72.00 price objective (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. Citigroup increased their price objective on shares of Corning from $52.00 to $60.00 and gave the company a "buy" rating in a report on Friday, July 11th. Argus reissued a "buy" rating and set a $68.00 target price on shares of Corning in a research note on Wednesday, July 30th. Finally, Barclays upped their price target on shares of Corning from $52.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Corning currently has a consensus rating of "Moderate Buy" and an average target price of $66.75.

Corning Stock Performance

Shares of Corning stock opened at $77.95 on Tuesday. The firm has a market cap of $66.77 billion, a PE ratio of 82.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The firm's 50-day simple moving average is $63.26 and its 200-day simple moving average is $52.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. Corning has a 1 year low of $37.31 and a 1 year high of $78.32.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. Corning's payout ratio is currently 119.15%.

Insiders Place Their Bets

In related news, COO Avery H. Nelson III sold 36,240 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $4,036,813.88. This represents a 35.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Paul O'day sold 14,879 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the sale, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. The trade was a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,950 shares of company stock valued at $10,449,192 in the last three months. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division increased its stake in Corning by 23.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker's stock valued at $3,838,000 after purchasing an additional 13,920 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Corning in the 4th quarter worth about $306,000. Acadian Asset Management LLC boosted its position in Corning by 4,346.5% during the first quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker's stock worth $7,048,000 after purchasing an additional 150,521 shares during the period. GAMMA Investing LLC boosted its position in Corning by 29.2% during the first quarter. GAMMA Investing LLC now owns 11,358 shares of the electronics maker's stock worth $520,000 after purchasing an additional 2,567 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in Corning by 1.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 22,379 shares of the electronics maker's stock worth $1,024,000 after purchasing an additional 297 shares during the period. 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.

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