Corning Incorporated Company Profile (NYSE:GLW)

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

Corning Incorporated announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.155 per share on Friday, September 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, August 29th. View Corning Incorporated's Dividend History.

Corning Incorporated (NYSE:GLW) released its quarterly earnings data on Tuesday, April, 25th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.35 by $0.04. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.37 billion. Corning Incorporated had a net margin of 42.69% and a return on equity of 11.25%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. View Corning Incorporated's Earnings History.

Corning Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Corning Incorporated.

13 analysts have issued 12-month price objectives for Corning Incorporated's stock. Their forecasts range from $17.50 to $33.00. On average, they expect Corning Incorporated's share price to reach $27.13 in the next twelve months. 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 this is not sustainable during an economic downturn and especially when China ramps up its glass industry." (6/19/2017)
• 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)

Corning Incorporated saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 20,307,862 shares, an increase of 42.7% from the June 15th total of 14,229,918 shares. Based on an average trading volume of 6,311,371 shares, the short-interest ratio is currently 3.2 days. Currently, 2.2% of the company's stock are sold short.

Some companies that are related to Corning Incorporated include America Movil, S.A.B. de C.V. (AMX), T-Mobile US (TMUS), Applied Materials (AMAT), Cognizant Technology Solutions Corporation (CTSH), NetEase (NTES), NXP Semiconductors N.V. (NXPI), Canon (CAJ), Vmware (VMW), Nokia Corporation (NOK), Infosys Limited (INFY), Micron Technology (MU), China Unicom (Hong Kong) Ltd (CHU), Intuit (INTU), Koninklijke Philips N.V. (PHG), Sprint Corporation (S), HP (HPQ), Analog Devices (ADI) and Hewlett Packard Enterprise Company (HPE).

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 many different of retail and institutional investors. Top institutional shareholders include NN Investment Partners Holdings N.V. (0.27%), APG Asset Management N.V. (0.22%), Cacti Asset Management LLC (0.19%), Bank of Montreal Can (0.19%), Douglas Lane & Associates LLC (0.15%) and Foundation Resource Management Inc. (0.10%). 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 NN Investment Partners Holdings N.V., Oregon Public Employees Retirement Fund, Douglas Lane & Associates LLC, Chevy Chase Trust Holdings Inc., Rockefeller Financial Services Inc., Oakbrook Investments LLC, Exxonmobil Investment Management Inc. TX and F&V Capital 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 purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Barometer Capital Management Inc., James Investment Research Inc., Manning & Napier Advisors LLC, Mn Services Vermogensbeheer B.V., Aperio Group LLC, CHURCHILL MANAGEMENT Corp and Meeder Asset Management Inc.. 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 $31.85.