Corning - GLW Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLW shares.
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11 brokerages have issued 1-year price objectives for Corning's stock. Their GLW share price forecasts range from $36.00 to $50.00. On average, they anticipate the company's share price to reach $40.27 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
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Corning's stock was trading at $37.23 at the beginning of 2022. Since then, GLW stock has decreased by 15.4% and is now trading at $31.49.
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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 will be holding an earnings conference call on Tuesday, October 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Corning Incorporated (NYSE:GLW) issued its quarterly earnings results on Tuesday, July, 26th. The electronics maker reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. The electronics maker had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. Corning had a net margin of 13.73% and a trailing twelve-month return on equity of 15.38%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share.
Read the conference call transcript.

Corning announced a quarterly dividend on Thursday, October 6th. Stockholders of record on Friday, November 18th will be given a dividend of $0.27 per share on Friday, December 16th. This represents a $1.08 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, November 17th.
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 3.45%. 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 issued an update on 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 a variety of retail and institutional investors. Top institutional investors include Moody National Bank Trust Division (0.00%), AdvisorNet Financial Inc (0.00%) and Legacy Private Trust Co. (0.00%). 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 $31.49.

Corning (NYSE:GLW) has a market capitalization of $26.62 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.