Corning Incorporated Company Profile (NYSE:GLW)

Corning Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

Corning Incorporated declared a quarterly dividend on Wednesday, July 19th. Investors of record on Thursday, August 31st will be paid a dividend of $0.155 per share on Friday, September 29th. This represents a $0.62 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, August 29th. View Corning Incorporated's Dividend History.

Corning Incorporated (NYSE:GLW) issued its quarterly earnings data on Wednesday, July, 26th. The company reported $0.42 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.02. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. Corning Incorporated had a return on equity of 11.67% and a net margin of 24.16%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. View Corning Incorporated's Earnings History.

Corning Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Corning Incorporated.

14 analysts have issued 1-year price targets for Corning Incorporated's shares. Their forecasts range from $17.50 to $35.00. On average, they expect Corning Incorporated's stock price to reach $27.63 in the next year. View Analyst Ratings for Corning Incorporated.

Here are some recent quotes from research analysts about Corning Incorporated stock:

• 1. Drexel Hamilton analysts commented, "We believe 4Q:16 was the peak in Corning’s EPS and operating profit cycle, while the sales cycle peaked in 1Q:17. Trading at a higher 2018 P/E than Apple and well above historical averages, we believe Corning is overvalued. Corning reported 2Q:17 core sales of $2.59 billion that beat our $2.563 billion estimate (consensus was $2.536 billion) on stronger than expected optical revenue, while core EPS of $0.42 met our $0.42 estimate (consensus was at $0.40). Given weaker than expected Display sales, gross margin of 42.4% missed our 43% estimate and fell from 43% a year ago." (7/26/2017)
• 2. According to Zacks Investment Research, "Corning's first-quarter 2017 results were primairly driven by robust performance in the company’s Optical Communications and Specialty Materials business lines. We note that the recently announced deal with Verizon reflects the company's growing clout in the North American fiber-to-home network market. Moreover, the company remains focused on expanding its footprint in the automotive market driven by gas particulate filters (GPFs) and a Gorilla-sized automotive glass business. Further, aggressive share buyback in accordance with the strategy & capital allocation framework will also boost bottom line growth. The company has outperformed the Zacks Communications Components industry on a year-to-date basis. However, weakness in the Display segment remains a headwind, which can drag down returns in the rest of 2017." (4/27/2017)
• 3. Susquehanna Bancshares Inc analysts commented, "We are increasing our estimates post GLW earnings report and guide, and remain above consensus. The key catalyst for the stock is the company's execution on commercializing the use of Gorilla for auto, both exterior and interior application. We are increasing our price target multiple given this milestone." (1/25/2017)
• 4. Jefferies Group LLC analysts commented, "Corning posted better-than-expected Q4 results. At current valuations, we continue to believe that the risk/reward in the shares is balanced. Optionality associated with auto glass, pharma glass, and GPFs should take longer to materialize in the company's financials." (1/25/2017)

Some companies that are related to Corning Incorporated include Applied Materials (AMAT), Relx Plc (RELX), Relx N.V. (RENX), Cognizant Technology Solutions Corporation (CTSH), Vmware (VMW), China Unicom (Hong Kong) Ltd (CHU), Canon (CAJ), Koninklijke Philips N.V. (PHG), Intuit (INTU), Nokia Corporation (NOK), Infosys Limited (INFY), Micron Technology (MU), Sprint Corporation (S), HP (HPQ), Wipro Limited (WIT), Analog Devices (ADI), Hewlett Packard Enterprise Company (HPE) and NXP Semiconductors N.V. (NXPI).

Corning Incorporated's management team includes the folowing people:

• Wendell P. Weeks, Chairman of the Board, President, Chief Executive Officer
• Lawrence D. McRae, Vice Chairman, Corporate Development Officer
• R. Tony Tripeny, Chief Financial Officer, Senior Vice President
• James P. Clappin, President - Corning Glass Technologies
• Eric S. Musser, Executive Vice President of Corning Technologies and International
• David L. Morse, Executive Vice President, Chief Technology Officer
• Martin J. Curran, Executive Vice President, Corning Innovation Officer
• Clark S. Kinlin, Executive Vice President
• Lisa Ferrero, Senior Vice President, Chief Administrative Officer
• Lewis A. Steverson, Senior Vice President, General Counsel

Corning Incorporated's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.88%), BlackRock Inc. (6.07%), State Street Corp (4.53%), Hotchkis & Wiley Capital Management LLC (2.35%), State Farm Mutual Automobile Insurance Co. (2.00%) and Bank of New York Mellon Corp (1.98%). Company insiders that own Corning Incorporated stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, James B Flaws, James P Clappin, Jeffrey W Evenson, Kirk P Gregg, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr, Robert Hinchcliffe and Wendell P Weeks. View Institutional Ownership Trends for Corning Incorporated.

Corning Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Dodge & Cox, Hotchkis & Wiley Capital Management LLC, Kiltearn Partners LLP, BlackRock Inc., WINTON GROUP Ltd, CIBC World Markets Inc., State Street Corp and Gotham Asset Management LLC. Company insiders that have sold Corning Incorporated stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, James P Clappin, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr and Wendell P Weeks. View Insider Buying and Selling for Corning Incorporated.

Corning Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Parametric Portfolio Associates LLC, Schroder Investment Management Group, AJO LP, FMR LLC, Bank of New York Mellon Corp, Vanguard Group Inc. and PDT Partners LLC. Company insiders that have bought Corning Incorporated stock in the last two years include Martin J Curran and Robert Hinchcliffe. View Insider Buying and Selling for Corning Incorporated.

Shares of Corning Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Corning Incorporated stock can currently be purchased for approximately $28.19.