NYSE:GLW - Corning Stock Price, Forecast & News

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

Corning declared a quarterly dividend on Wednesday, February 5th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.22 per share on Tuesday, March 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, February 27th. This is an increase from Corning's previous quarterly dividend of $0.20. View Corning's Dividend History.

Corning Incorporated (NYSE:GLW) announced its quarterly earnings data on Wednesday, January, 29th. The electronics maker reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The electronics maker had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.72 billion. Corning had a return on equity of 14.29% and a net margin of 8.35%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. View Corning's Earnings History.

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Corning.

11 brokers have issued 1 year target prices for Corning's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate Corning's share price to reach $32.30 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price. View Analyst Price Targets for Corning.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corning.

Press coverage about GLW stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Corning earned a news impact score of 1.2 on InfoTrie's scale. They also assigned media headlines about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Corning.

Corning saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 28,270,000 shares, an increase of 6.6% from the January 15th total of 26,510,000 shares. Based on an average daily trading volume, of 5,000,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 3.7% of the shares of the stock are sold short. View Corning's Current Options Chain.

Some companies that are related to Corning include Amphenol (APH), Dolby Laboratories (DLB), Littelfuse (LFUS), AVX (AVX), Vishay Intertechnology (VSH) and Rogers (ROG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), AT&T (T), General Electric (GE), Cisco Systems (CSCO), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Ford Motor (F), Verizon Communications (VZ) and Bank of America (bac).

Corning's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Wealth Quarterback LLC (28.52%), State Street Corp (4.85%), Hotchkis & Wiley Capital Management LLC (2.59%), Geode Capital Management LLC (1.52%), Janus Henderson Group PLC (1.39%) and Bank of New York Mellon Corp (1.38%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran, R Tony Tripeny and Wendell P Weeks. View Institutional Ownership Trends for Corning.

GLW stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Schafer Cullen Capital Management Inc, Bank of New York Mellon Corp, DekaBank Deutsche Girozentrale, KBC Group NV, Franklin Resources Inc., State Street Corp and Cullen Capital Management LLC. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Hansel E Tookes II, Lewis A Steverson and Martin J Curran. View Insider Buying and Selling for Corning.

GLW stock was acquired by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, Alliancebernstein L.P., Stifel Financial Corp, Massachusetts Financial Services Co. MA, Janus Henderson Group PLC and FIL Ltd. View Insider Buying and Selling for Corning.

Shares of GLW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GLW stock can currently be purchased for approximately $27.00.

Corning has a market capitalization of $20.62 billion and generates $11.50 billion in revenue each year. The electronics maker earns $960 million in net income (profit) each year or $1.76 on an earnings per share basis. Corning employs 49,500 workers across the globe.View Additional Information About Corning.

The official website for Corning is http://www.corning.com/.

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The electronics maker can be reached via phone at 607-974-9000 or via email at https://investor.corning.com.