Zacks Research Weighs in on Corning’s Q1 Earnings (NYSE:GLW)

Corning Incorporated (NYSE:GLW) – Zacks Research lifted their Q1 2025 earnings per share estimates for shares of Corning in a report released on Wednesday, February 19th. Zacks Research analyst R. Department now forecasts that the electronics maker will earn $0.49 per share for the quarter, up from their previous estimate of $0.47. The consensus estimate for Corning’s current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning’s Q2 2025 earnings at $0.56 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.69 EPS, FY2026 earnings at $2.67 EPS and FY2027 earnings at $2.84 EPS.

Other equities research analysts have also issued reports about the company. Hsbc Global Res upgraded Corning from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on Corning from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. HSBC upgraded Corning from a “hold” rating to a “buy” rating and increased their price target for the stock from $51.00 to $60.00 in a research report on Thursday, January 30th. Citigroup increased their price target on Corning from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley increased their price target on Corning from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Corning has an average rating of “Moderate Buy” and an average price target of $53.00.

Corning Trading Down 0.8 %

Shares of GLW opened at $51.46 on Friday. Corning has a 1 year low of $30.72 and a 1 year high of $55.33. The company has a current ratio of 1.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $49.85 and a 200-day simple moving average of $46.61. The stock has a market cap of $44.08 billion, a PE ratio of 88.72, a PEG ratio of 1.52 and a beta of 1.03.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Corning had a return on equity of 15.10% and a net margin of 3.86%.

Institutional Investors Weigh In On Corning

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northstar Advisory Group LLC increased its stake in Corning by 258.4% in the 4th quarter. Northstar Advisory Group LLC now owns 123,808 shares of the electronics maker’s stock valued at $5,883,000 after buying an additional 89,268 shares during the last quarter. Franklin Resources Inc. increased its stake in Corning by 48.4% in the 3rd quarter. Franklin Resources Inc. now owns 191,648 shares of the electronics maker’s stock valued at $8,975,000 after buying an additional 62,514 shares during the last quarter. FMR LLC increased its stake in Corning by 52.8% in the 3rd quarter. FMR LLC now owns 3,723,044 shares of the electronics maker’s stock valued at $168,095,000 after buying an additional 1,285,836 shares during the last quarter. Fifth Third Bancorp increased its stake in Corning by 16.8% in the 4th quarter. Fifth Third Bancorp now owns 111,448 shares of the electronics maker’s stock valued at $5,296,000 after buying an additional 16,001 shares during the last quarter. Finally, First Financial Bank Trust Division increased its stake in Corning by 27.5% in the 4th quarter. First Financial Bank Trust Division now owns 138,153 shares of the electronics maker’s stock valued at $6,565,000 after buying an additional 29,790 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other news, SVP Michael Alan Bell sold 2,209 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $49.87, for a total transaction of $110,162.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Eric S. Musser sold 30,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $51.92, for a total transaction of $1,557,600.00. Following the transaction, the chief operating officer now directly owns 152,944 shares in the company, valued at $7,940,852.48. This trade represents a 16.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,085 shares of company stock valued at $2,103,486. 0.40% of the stock is currently owned by insiders.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.18%. Corning’s dividend payout ratio (DPR) is currently 193.11%.

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.