Corning Incorporated to Post FY2025 Earnings of $2.11 Per Share, Zacks Research Forecasts (NYSE:GLW)

Corning Incorporated (NYSE:GLW) – Equities researchers at Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Corning in a research report issued to clients and investors on Wednesday, June 19th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $2.11 for the year, up from their previous forecast of $2.10. The consensus estimate for Corning’s current full-year earnings is $1.90 per share. Zacks Research also issued estimates for Corning’s Q4 2025 earnings at $0.54 EPS and FY2026 earnings at $2.37 EPS.

A number of other brokerages have also issued reports on GLW. Citigroup lifted their target price on shares of Corning from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Mizuho boosted their target price on Corning from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, June 18th. StockNews.com raised Corning from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Susquehanna reiterated a “positive” rating and set a $40.00 price target on shares of Corning in a report on Monday, April 1st. Finally, Fox Advisors upgraded Corning from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.67.

Corning Stock Performance

Shares of GLW opened at $40.05 on Monday. The company has a market capitalization of $34.31 billion, a PE ratio of 56.41, a PEG ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.67. The company’s 50 day moving average price is $35.17 and its 200 day moving average price is $32.82. Corning has a 52 week low of $25.26 and a 52 week high of $40.46.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.12 billion. Corning had a return on equity of 12.31% and a net margin of 4.96%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.80%. Corning’s payout ratio is presently 157.75%.

Insider Buying and Selling

In other Corning news, VP Jeffrey W. Evenson sold 103,437 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $33.19, for a total value of $3,433,074.03. Following the sale, the vice president now owns 70,110 shares of the company’s stock, valued at approximately $2,326,950.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Corning news, SVP John Z. Zhang sold 12,546 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $33.42, for a total value of $419,287.32. Following the completion of the sale, the senior vice president now directly owns 11,355 shares of the company’s stock, valued at approximately $379,484.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jeffrey W. Evenson sold 103,437 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $33.19, for a total transaction of $3,433,074.03. Following the completion of the sale, the vice president now owns 70,110 shares in the company, valued at $2,326,950.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,207 shares of company stock valued at $5,876,067. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Corning

Several hedge funds have recently made changes to their positions in GLW. Norges Bank acquired a new position in Corning in the 4th quarter valued at approximately $247,721,000. Price T Rowe Associates Inc. MD raised its stake in shares of Corning by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,200,828 shares of the electronics maker’s stock valued at $566,941,000 after purchasing an additional 4,464,893 shares in the last quarter. Wellington Management Group LLP lifted its position in Corning by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 31,312,779 shares of the electronics maker’s stock worth $953,474,000 after purchasing an additional 2,597,878 shares during the period. Ameriprise Financial Inc. boosted its stake in Corning by 15.0% during the third quarter. Ameriprise Financial Inc. now owns 17,615,078 shares of the electronics maker’s stock worth $536,114,000 after buying an additional 2,301,745 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Corning by 41.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,212,356 shares of the electronics maker’s stock valued at $189,166,000 after buying an additional 1,828,097 shares during the period. Institutional investors own 69.80% of the company’s stock.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.