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NYSE:GLW

Corning - GLW Stock Forecast, Price & News

$29.02
-0.60 (-2.03%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$28.98
$29.92
50-Day Range
$29.02
$37.54
52-Week Range
$28.98
$43.47
Volume
4.32 million shs
Average Volume
4.97 million shs
Market Capitalization
$24.53 billion
P/E Ratio
12.45
Dividend Yield
3.65%
Price Target
$40.27

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
38.8% Upside
$40.27 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Corning in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$204,603 Sold Last Quarter
Proj. Earnings Growth
11.71%
From $2.22 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.27 out of 5 stars

Computer And Technology Sector

20th out of 650 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 2 stocks

GLW stock logo

About Corning (NYSE:GLW) Stock

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

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GLW Stock News Headlines

Corning (NYSE: GLW)
Brokerages Set Corning Incorporated (NYSE:GLW) Target Price at $40.64
Corning (GLW) Stock Moves -0.58%: What You Should Know
See More Headlines
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GLW Company Calendar

Last Earnings
7/26/2022
Ex-Dividend for 9/29 Dividend
8/30/2022
Dividend Payable
9/29/2022
Today
9/30/2022
Next Earnings (Confirmed)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
61,200
Year Founded
1851

Price Target and Rating

Average Stock Price Forecast
$40.27
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+38.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
17.57%

Debt

Sales & Book Value

Annual Sales
$14.08 billion
Cash Flow
$3.74 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
842,275,000
Market Cap
$24.53 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Mr. Wendell P. WeeksMr. Wendell P. Weeks (Age 62)
    Chairman & CEO
    Comp: $12.74M
  • Mr. Eric S. MusserMr. Eric S. Musser (Age 62)
    Pres & COO
    Comp: $4.72M
  • Mr. Lewis A. SteversonMr. Lewis A. Steverson (Age 58)
    Exec. VP and Chief Legal & Admin. Officer
    Comp: $3.65M
  • Mr. Lawrence D. McRaeMr. Lawrence D. McRae (Age 63)
    First Vice Chairman & Corp. Devel. Officer
    Comp: $3.92M
  • Mr. Edward A. SchlesingerMr. Edward A. Schlesinger (Age 54)
    Exec. VP & CFO
  • Mr. Stefan  BeckerMr. Stefan Becker (Age 50)
    Sr. VP of Fin., Corp. Controller & Principal Accounting Officer
  • Dr. Jaymin Amin (Age 54)
    Sr. VP & CTO
  • Ms. Anne Elizabeth Mullins (Age 59)
    Sr. VP and Chief Digital & Information Officer
  • Ms. Ann H. S. Nicholson
    VP of Investor Relations
  • Kevin G. Corliss
    VP of Global Employee Relations & Chief Compliance Officer













GLW Stock - Frequently Asked Questions

Should I buy or sell Corning stock right now?

11 Wall Street 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 research analysts is that investors should "buy" GLW shares.
View GLW analyst ratings
or view top-rated stocks.

What is Corning's stock price forecast for 2022?

11 equities research analysts have issued 1 year target prices for Corning's shares. Their GLW share price forecasts range from $36.00 to $50.00. On average, they expect the company's stock price to reach $40.27 in the next year. This suggests a possible upside of 37.6% from the stock's current price.
View analysts price targets for GLW
or view top-rated stocks among Wall Street analysts.

How have GLW shares performed in 2022?

Corning's stock was trading at $37.23 at the start of the year. Since then, GLW shares have decreased by 21.4% and is now trading at $29.26.
View the best growth stocks for 2022 here
.

When is Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our GLW earnings forecast
.

How can I listen to Corning's earnings call?

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.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its quarterly earnings results on Tuesday, July, 26th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The electronics maker earned $3.76 billion during 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 business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share.
Read the conference call transcript
.

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning declared a quarterly dividend on Thursday, June 30th. Investors of record on Wednesday, August 31st will be given a dividend of $0.27 per share on Thursday, September 29th. This represents a $1.08 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for GLW
.

Is Corning a good dividend stock?

Corning (NYSE:GLW) pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.61%. 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.

What guidance has Corning issued on next quarter's earnings?

Corning updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $15.00B-, compared to the consensus revenue estimate of $15.35 billion.

What is Wendell P. Weeks' approval rating as Corning's CEO?

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.

What other stocks do shareholders of Corning own?

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).

What is Corning's stock symbol?

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

How do I buy shares of Corning?

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.
Compare Top Brokerages Here.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $29.26.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $24.73 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.

How many employees does Corning have?

The company employs 61,200 workers across the globe.

Does Corning have any subsidiaries?
The following companies are subsidiares of Corning: 3M Communication, Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Holdings Corporation, Axygen Inc., CCS Holdings Inc., Chengdu Honing Display Glass Co. Ltd., Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning International Corporation, Corning International Luxembourg S.à.r.l., Corning International Netherlands B.V., Corning Japan K.K., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications Holding Co. Inc., Corning Optical Communications LLC, Corning Optical Communications Polska Sp.zo.o., Corning Optical Communications Pty. Ltd, Corning Optical Communications RF LLC, Corning Optical Communications Vermoegensverwaltungsgesellschaft mbH, Corning Optical Fiber Cable (Chengdu) Co. Ltd., Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.a r.l., Corning Singapore Holdings Private Limited, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies India Private Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, Corning Ventures S.à.r.l., DC HSC Holdings LLC, Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, Hemlock Semiconductor L.L.C., Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Saint-Gobain Corning Automotive Glazing S.N.C., Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, US Conec Ltd., Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..
Read More
How can I contact Corning?

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.

This page (NYSE:GLW) was last updated on 9/30/2022 by MarketBeat.com Staff

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