Corning - GLW Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GLW shares.
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11 analysts have issued 1 year target prices for Corning's stock. Their GLW share price forecasts range from $36.00 to $50.00. On average, they anticipate the company's stock price to reach $40.27 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
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Corning's stock was trading at $37.23 on January 1st, 2022. Since then, GLW shares have decreased by 19.7% and is now trading at $29.89.
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Corning saw a drop in short interest in August. As of August 15th, there was short interest totaling 9,860,000 shares, a drop of 21.9% from the July 31st total of 12,630,000 shares. Based on an average daily volume of 4,590,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Corning Incorporated (NYSE:GLW) posted its earnings results on Tuesday, July, 26th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The electronics maker earned $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. Corning had a trailing twelve-month return on equity of 15.38% and a net margin of 13.73%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share.
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Corning declared a quarterly dividend on Thursday, June 30th. Investors of record on Wednesday, August 31st will be paid a dividend of $0.27 per share on Thursday, September 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for GLW.

Corning (NYSE:GLW) pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.56%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLW will have a dividend payout ratio of 43.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

Corning updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.00B-, compared to the consensus revenue estimate of $15.35 billion.

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

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

Corning's stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (3.70%), Price T Rowe Associates Inc. MD (2.37%), Northern Trust Corp (1.39%), Primecap Management Co. CA (1.11%), Legal & General Group Plc (0.68%) and Truist Financial Corp (0.45%). Insiders that own company stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, David L Morse, Deborah Rieman, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
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Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GLW stock can currently be purchased for approximately $29.89.

Corning (NYSE:GLW) has a market capitalization of $25.27 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $2.33 on an earnings per share basis.

The company employs 61,200 workers across the globe.

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The official website for the company is www.corning.com. The electronics maker can be reached via phone at (607) 974-9000, via email at irinfo@corning.com, or via fax at 607-974-2063.