1 week Ago By ABMN Staff
Corning Incorporated ( NYSE:GLW – Get Free Report ) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company.
The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.62. Several brokerages have recently weighed in on GLW.
UBS Group increased their price objective on shares of Corning from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th.
Hsbc Global Res upgraded shares of Corning from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Bank of America decreased their target price on Corning from $47.00 to $46.
00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Corning from $47.
00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Barclays lifted their price objective on Corning from $36.
00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Get Our Latest Report on Corning Institutional Inflows and Outflows Corning Stock Performance Shares of GLW stock opened at $40.
64 on Monday. The company has a market capitalization of $34.81 billion, a price-to-earnings ratio of 57.
24, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04.
The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 1.
57. Corning has a one year low of $25.26 and a one year high of $46.
39. The company’s 50-day moving average is $41.52 and its 200 day moving average is $36.
86. Corning ( NYSE:GLW – Get Free Report ) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.
47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01.
The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.55 billion.
Corning had a return on equity of 12.69% and a net margin of 3.53%.
Corning’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.
45 EPS. Sell-side analysts expect that Corning will post 1.91 EPS for the current fiscal year.
Corning Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.28 per share.
This represents a $1.12 annualized dividend and a yield of 2.76%.
The ex-dividend date is Friday, August 30th. Corning’s payout ratio is 157.75%.
About Corning ( Get Free Report 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. Recommended Stories Receive News & Ratings for Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corning and related companies with MarketBeat.
com's FREE daily email newsletter ..
