Corning - GLW Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLW shares.
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10 equities research analysts have issued 12 month target prices for Corning's shares. Their GLW share price forecasts range from $35.00 to $40.00. On average, they anticipate the company's stock price to reach $37.78 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
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Corning's stock was trading at $31.94 on January 1st, 2023. Since then, GLW stock has increased by 3.7% and is now trading at $33.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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Corning Incorporated (NYSE:GLW) posted its quarterly earnings results on Tuesday, January, 31st. The electronics maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.03. The electronics maker had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.54 billion. Corning had a trailing twelve-month return on equity of 14.82% and a net margin of 9.27%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share.
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Corning announced a quarterly dividend on Wednesday, February 8th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.28 per share on Thursday, March 30th. This represents a $1.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Monday, February 27th. This is a positive change from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for GLW.

ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Technology Dividend Aristocrats ETF (TDV), ASYMmetric Smart S&P 500 ETF (ASPY), ALPS Sector Dividend Dogs ETF (SDOG), First Trust Capital Strength ETF (FTCS), Motley Fool Next Index ETF (TMFX), US Equity Dividend Select ETF (RNDV), First Trust Technology AlphaDEX Fund (FXL) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.41%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLW will have a dividend payout ratio of 45.90% 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 first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided EPS guidance of $0.35-$0.42 for the period, compared to the consensus estimate of $0.47. The company issued revenue guidance of $3.20 billion-$3.40 billion, compared to the consensus revenue estimate of $3.58 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 number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.83%), Morgan Stanley (1.62%), Dimensional Fund Advisors LP (1.10%), Norges Bank (0.89%), American Century Companies Inc. (0.85%) and First Trust Advisors LP (0.78%). Insiders that own company stock include Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, 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 $33.12.

Corning (NYSE:GLW) has a market capitalization of $28.04 billion and generates $14.19 billion in revenue each year. The electronics maker earns $1.32 billion in net income (profit) each year or $1.54 on an earnings per share basis.

The company employs 57,500 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.