Zacks Research Weighs in on Corning Incorporated’s FY2026 Earnings (NYSE:GLW)

Corning Incorporated (NYSE:GLW) – Investment analysts at Zacks Research boosted their FY2026 earnings estimates for shares of Corning in a research report issued to clients and investors on Tuesday, May 21st. Zacks Research analyst R. Department now expects that the electronics maker will post earnings of $2.30 per share for the year, up from their prior estimate of $2.29. The consensus estimate for Corning’s current full-year earnings is $1.91 per share.

GLW has been the topic of several other reports. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 target price on shares of Corning in a research note on Monday, April 22nd. HSBC lowered Corning from a “hold” rating to a “reduce” rating and set a $29.00 target price for the company. in a report on Thursday, February 1st. Susquehanna reaffirmed a “positive” rating and issued a $40.00 price target on shares of Corning in a research report on Monday, April 1st. StockNews.com raised Corning from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Mizuho assumed coverage on shares of Corning in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Corning currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Corning Stock Performance

Shares of Corning stock opened at $36.59 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The business has a 50-day moving average of $32.93 and a 200 day moving average of $31.33. Corning has a 12 month low of $25.26 and a 12 month high of $36.80.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 30th. The electronics maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Corning had a return on equity of 12.31% and a net margin of 4.96%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, May 31st. Corning’s payout ratio is currently 157.75%.

Insider Activity at Corning

In other Corning news, Vice Chairman Lawrence D. Mcrae sold 77,464 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $33.24, for a total value of $2,574,903.36. Following the completion of the sale, the insider now owns 215,254 shares in the company, valued at $7,155,042.96. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Martin J. Curran sold 16,416 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $33.70, for a total value of $553,219.20. Following the transaction, the vice president now owns 65,598 shares in the company, valued at approximately $2,210,652.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Lawrence D. Mcrae sold 77,464 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $33.24, for a total value of $2,574,903.36. Following the sale, the insider now directly owns 215,254 shares of the company’s stock, valued at $7,155,042.96. The disclosure for this sale can be found here. Insiders sold a total of 239,841 shares of company stock valued at $7,971,257 in the last three months. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Corning by 9.0% during the fourth quarter. Wellington Management Group LLP now owns 31,312,779 shares of the electronics maker’s stock worth $953,474,000 after purchasing an additional 2,597,878 shares in the last quarter. Morgan Stanley raised its stake in shares of Corning by 5.1% during the 3rd quarter. Morgan Stanley now owns 21,899,529 shares of the electronics maker’s stock worth $667,279,000 after buying an additional 1,060,450 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Corning by 15.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 17,615,078 shares of the electronics maker’s stock valued at $536,114,000 after buying an additional 2,301,745 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Corning by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,200,828 shares of the electronics maker’s stock valued at $566,941,000 after buying an additional 4,464,893 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Corning by 2.0% during the third quarter. Northern Trust Corp now owns 12,039,900 shares of the electronics maker’s stock worth $366,856,000 after acquiring an additional 232,699 shares during the period. 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.