Corning (NYSE:GLW) Issues Q1 2025 Earnings Guidance

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

Corning Price Performance

Shares of GLW opened at $48.84 on Thursday. The firm has a market cap of $41.83 billion, a price-to-earnings ratio of 84.20, a PEG ratio of 1.50 and a beta of 1.03. The stock has a 50 day moving average of $49.86 and a 200-day moving average of $47.62. The company has a current ratio of 1.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Corning has a 52 week low of $30.72 and a 52 week high of $55.33.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 EPS for the quarter, topping 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%. As a group, analysts forecast that Corning will post 2.33 EPS for the current year.

Corning Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup raised their price target on Corning from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com downgraded Corning from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays cut their price target on Corning from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. HSBC raised Corning from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $60.00 in a report on Thursday, January 30th. Finally, Morgan Stanley lifted their target price 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 analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.31.

Insider Transactions at Corning

In other news, COO Eric S. Musser sold 30,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $51.92, for a total value of $1,557,600.00. Following the sale, the chief operating officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Alan Bell sold 2,209 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $49.87, for a total value of $110,162.83. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Institutional Trading of Corning

A hedge fund recently raised its stake in Corning stock. Brighton Jones LLC increased its stake in Corning Incorporated (NYSE:GLW) by 46.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,705 shares of the electronics maker’s stock after acquiring an additional 2,114 shares during the quarter. Brighton Jones LLC’s holdings in Corning were worth $319,000 at the end of the most recent quarter. 69.80% of the stock is currently owned by institutional investors.

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.