Corning (NYSE:GLW) Updates Q1 2025 Earnings Guidance

Corning (NYSE:GLW) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.520-0.520 for the period, compared to the consensus estimate of 0.500. The company issued revenue guidance of $3.6 billion-, compared to the consensus revenue estimate of $3.6 billion.

Corning Stock Up 3.3 %

GLW opened at $48.84 on Thursday. Corning has a 52 week low of $30.72 and a 52 week high of $55.33. The stock has a market cap of $41.83 billion, a PE ratio of 84.20, a P/E/G ratio of 1.50 and a beta of 1.03. The business’s fifty day simple moving average is $49.86 and its 200 day simple moving average is $47.62. The company has a quick ratio of 1.07, a current ratio of 1.62 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Corning had a return on equity of 15.10% and a net margin of 3.86%. As a group, research analysts expect that Corning will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.29%. Corning’s dividend payout ratio (DPR) is presently 193.10%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLW. Barclays reduced their target price on Corning from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Bank of America lifted their target price on Corning from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday. Hsbc Global Res upgraded Corning from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on Corning from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.31.

Insider Buying and Selling at Corning

In other Corning news, SVP Michael Alan Bell sold 2,209 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $49.87, for a total transaction of $110,162.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Eric S. Musser sold 30,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $51.92, for a total transaction of $1,557,600.00. Following the completion of the sale, the chief operating officer now directly owns 152,944 shares of the company’s stock, valued at approximately $7,940,852.48. The trade was a 16.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Corning

An institutional investor recently raised its position in Corning stock. Brighton Jones LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 46.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,705 shares of the electronics maker’s stock after purchasing an additional 2,114 shares during the quarter. Brighton Jones LLC’s holdings in Corning were worth $319,000 as of its most recent SEC filing. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Company Profile

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.