Brokers Issue Forecasts for Corning Incorporated’s FY2026 Earnings (NYSE:GLW)

Corning Incorporated (NYSE:GLW) – Equities research analysts at Zacks Research reduced their FY2026 earnings per share estimates for Corning in a research report issued on Monday, April 8th. Zacks Research analyst R. Department now expects that the electronics maker will post earnings per share of $2.29 for the year, down from their prior estimate of $2.31. The consensus estimate for Corning’s current full-year earnings is $1.86 per share.

Other analysts also recently issued reports about the company. StockNews.com raised Corning from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Barclays raised their target price on Corning from $28.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Susquehanna reissued a “positive” rating and issued a $40.00 target price on shares of Corning in a research report on Monday, April 1st. UBS Group raised their target price on Corning from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, HSBC lowered Corning from a “hold” rating to a “reduce” rating and set a $29.00 price target for the company. in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

Corning Stock Performance

NYSE:GLW opened at $31.94 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.67 and a quick ratio of 1.05. The business has a fifty day simple moving average of $32.41 and a two-hundred day simple moving average of $30.34. Corning has a 1 year low of $25.26 and a 1 year high of $36.01. The company has a market capitalization of $27.32 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.83 and a beta of 1.08.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Corning had a return on equity of 12.31% and a net margin of 4.62%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business posted $0.47 earnings per share. Corning’s revenue was down 12.1% on a year-over-year basis.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Wednesday, February 28th. Corning’s payout ratio is currently 167.16%.

Insider Transactions at Corning

In related news, Vice Chairman Lawrence D. Mcrae sold 77,464 shares of Corning stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $33.24, for a total transaction of $2,574,903.36. Following the completion of the sale, the insider now owns 215,254 shares of the company’s stock, valued at $7,155,042.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Corning

Several large investors have recently added to or reduced their stakes in GLW. Natixis Advisors L.P. raised its position in Corning by 5.9% during the third quarter. Natixis Advisors L.P. now owns 101,322 shares of the electronics maker’s stock valued at $3,087,000 after purchasing an additional 5,616 shares in the last quarter. KMG Fiduciary Partners LLC purchased a new stake in Corning during the fourth quarter valued at about $1,199,000. HB Wealth Management LLC raised its position in Corning by 24.2% during the fourth quarter. HB Wealth Management LLC now owns 9,871 shares of the electronics maker’s stock valued at $301,000 after purchasing an additional 1,926 shares in the last quarter. SG Americas Securities LLC raised its position in Corning by 59.8% during the fourth quarter. SG Americas Securities LLC now owns 108,358 shares of the electronics maker’s stock valued at $3,300,000 after purchasing an additional 40,564 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Corning by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 7,883,126 shares of the electronics maker’s stock valued at $240,199,000 after purchasing an additional 490,638 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

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.