NYSE:GLW - Corning Stock Price, Forecast & News

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

Corning announced a quarterly dividend on Wednesday, February 5th. Investors 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 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, February 27th. This is a positive change from Corning's previous quarterly dividend of $0.20. View Corning's Dividend History.

Corning Incorporated (NYSE:GLW) posted its quarterly earnings results on Wednesday, January, 29th. The electronics maker reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. The electronics maker earned $2.82 billion during the quarter, compared to the consensus estimate of $2.72 billion. Corning had a return on equity of 14.29% and a net margin of 8.35%. Corning's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 brokerages have issued 1 year target prices for Corning's stock. Their forecasts range from $25.00 to $42.00. On average, they expect Corning's share price to reach $32.30 in the next twelve months. This suggests a possible upside of 15.5% 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.

Media headlines about GLW stock have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Corning earned a daily sentiment score of -3.4 on InfoTrie's scale. They also assigned media stories about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press 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 during 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 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 short sold. 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 institutional and retail 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 purchased 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 $27.96.

Corning has a market capitalization of $21.35 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 51,500 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.