The electronics maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.05. The official website for Corning is www.corning.com. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). 75.55% of the stock of Corning is held by institutions. Learn everything you need to know about successful options trading with this three-part video course. Analysts' Current Least Favorites, 25 Top Ranked Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. ), Corning has received 854 “underperform” votes. Earnings for Corning are expected to grow by 33.82% in the coming year, from $1.36 to $1.82 per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Corning had a net margin of 2.71% and a return on equity of 11.50%. (ranked lower than approx. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings; and collaboration with Pixelligent.

As of October 30th, there was short interest totaling 10,720,000 shares, a decrease of 27.2% from the October 15th total of 14,730,000 shares. MarketBeat just released five new trading ideas, but Corning wasn't one of them. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Do Not Sell My Information. The P/E ratio of Corning is 187.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.67. PEG Ratios above 1 indicate that a company could be overvalued. Vote “Outperform” if you believe GLW will outperform the S&P 500 over the long term. High institutional ownership can be a signal of strong market trust in this company. Wall Street analysts have given Corning a "Buy" rating, but there may be better short-term opportunities in the market.

Crossing Above Their 200 Day Moving Avg, 10 Canadian Stocks All rights reserved. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. One share of GLW stock can currently be purchased for approximately $37.50. The electronics maker earns $960 million in net income (profit) each year or $1.76 on an earnings per share basis. Learn more. View insider buying and selling activity for Corning. Do Not Sell My Information. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. It also offers pharmaceutical glass tubing and packages. This payout ratio is at a healthy, sustainable level, below 75%.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The company's Display Technologies segment offers glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Learn more. Corning's stock was trading at $23.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Their forecasts range from $26.00 to $39.00. The P/E ratio of Corning is 187.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.67. To Analyst Targets In the past three months, Corning insiders have sold more of their company's stock than they have bought. The chart below shows how a company's share price and consensus price target have changed over time. In recent trading, shares of Corning Inc (Symbol: GLW) have crossed above the average analyst 12-month target price of $34.10, changing hands for $34.49/share. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy.". Fundamental company data provided by Morningstar and Zacks Investment Research. To Analyst Targets, Top 25 Broker Analyst Picks of the Corning has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. The number of analysts covering the stock of GLW is greater than 83.33% of Steel Works Etc stocks. View analysts' price targets for Corning. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom.

The electronics maker had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.93 billion. All rights reserved.



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