Corning/GLW

$30.98

0.19%
-
1D1W1MYTD1YMAX

About Corning

Corning Incorporated is a materials science technology and innovation company. The Company operates through five segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Display Technologies segment manufactures glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment is engaged in manufacturing products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment manufactures labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction.

Ticker

GLW

Sector

Technology

Trading on

NYSE

Industry

Personal & Household Prods.

CEO

Wendell Weeks

Employees

49,800

Headquarters

Corning, United States

Corning Metrics

BasicAdvanced
$26.76B
Market cap
46.50
P/E ratio
$0.67
EPS
1.09
Beta
$1.12
Dividend rate
3.58%
Dividend yield
$26.76B
1.08931
$36.02
$25.26
4.76M
$1.12
1.67
1.053
62.384
65.155
170.22%
11.02%
2.23%
4.93%
2.7%
46.498
2.126
2.221
3.238
2.94%
3.58%
3.58%
-11.28%
-56.15%
3.65%
8.04%
8.37%

What the Analysts think about Corning

Analyst Ratings

Majority rating from 14 analysts.
Buy

Price Targets

Average projection from 10 analysts.
12.33% upside
High $40.00
Low $29.00
$30.98
Current price
$34.80
Average price target

Corning Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-1.33% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$2.99B
-5.64%
Net income
$-40M
-124.39%
Profit margin
-1.33%
-125.78%

Corning Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 1.04%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.41
$0.45
$0.45
$0.39
-
Expected
$0.39
$0.46
$0.47
$0.39
$0.35
Surprise
5.31%
-1.28%
-3.85%
-1.04%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Corning stock?

Corning (GLW) has a market cap of $26.76B as of April 18, 2024.

What is the P/E ratio for Corning stock?

The price to earnings (P/E) ratio for Corning (GLW) stock is 46.5 as of April 18, 2024.

Does Corning stock pay dividends?

Yes, the Corning (GLW) stock pays dividends to shareholders. As of April 18, 2024, the dividend rate is $1.12 and the yield is 3.58%. Corning has a payout ratio of 170.22% on a trailing twelve-month basis.

When is the next Corning dividend payment date?

The next Corning (GLW) dividend payment date is unconfirmed.

What is the beta indicator for Corning?

Corning (GLW) has a beta rating of 1.09. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Corning stock price target?

The target price for Corning (GLW) stock is $34.8, which is 12.33% above the current price of $30.98. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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