Corning Incorporated (NYSE:GLW) Receives $90.82 Consensus PT from Brokerages

Shares of Corning Incorporated (NYSE:GLW) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $90.8182.

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Thursday. Mizuho set a $97.00 target price on shares of Corning in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley set a $82.00 price objective on Corning in a report on Wednesday, October 29th. Finally, Argus boosted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th.

Corning Stock Down 0.6%

Shares of NYSE:GLW opened at $81.83 on Friday. The firm has a 50 day simple moving average of $83.36 and a 200 day simple moving average of $64.90. Corning has a 52 week low of $37.31 and a 52 week high of $92.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. The company has a market cap of $70.16 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, research analysts expect that Corning will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Corning’s payout ratio is 70.89%.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the sale, the chief financial officer owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. This represents a 70.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 173,856 shares of company stock worth $15,456,476 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the third quarter worth approximately $25,000. REAP Financial Group LLC lifted its stake in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter worth $27,000. Total Investment Management Inc. bought a new stake in shares of Corning during the 2nd quarter worth $28,000. Finally, Cornerstone Planning Group LLC grew its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.