Corning (NYSE:GLW) Releases 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 guidance of 0.520-0.520 for the period, compared to the consensus earnings per share estimate of 0.500. The company issued revenue guidance of $3.6 billion-, compared to the consensus revenue estimate of $3.6 billion.

Analyst Ratings Changes

GLW has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Corning from $55.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. HSBC raised Corning from a “hold” rating to a “buy” rating and boosted their price target for the company from $51.00 to $60.00 in a research report on Thursday, January 30th. StockNews.com downgraded Corning from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Bank of America boosted their target price on Corning from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Corning from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have assigned 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 target price of $54.31.

Corning Price Performance

Shares of GLW stock opened at $48.84 on Thursday. Corning has a twelve month low of $30.72 and a twelve month high of $55.33. The company has a market capitalization of $41.83 billion, a PE ratio of 84.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. 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 firm has a fifty day simple moving average of $49.86 and a 200-day simple moving average of $47.62.

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

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 2.29%. Corning’s dividend payout ratio (DPR) is presently 193.10%.

Insider Buying and Selling at Corning

In other Corning news, COO Eric S. Musser sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 152,944 shares in the company, valued at $7,940,852.48. This trade represents a 16.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Alan Bell sold 2,209 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

A hedge fund recently raised its stake in Corning stock. Brighton Jones LLC lifted its position in Corning Incorporated (NYSE:GLW) by 46.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 69.80% of the stock is 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.