On Thursday 07/11/2024 the closing price of the Corning Inc. share was $45.65 on BTT.
Compared to the opening price on Thursday 07/11/2024 on BTT of $45.26, this is a gain of 0.85%.
Corning Inc.'s market capitalization is $39.10 B by 856.62 M shares outstanding.
Is Corning stock a Buy, Sell or Hold?
Corning stock has received a consensus rating of buy. The average rating score is and is based on 29 buy ratings, 25 hold ratings, and 0 sell ratings.What was the 52-week low for Corning stock?
The low in the last 52 weeks of Corning stock was 25.27. According to the current price, Corning is 180.81% away from the 52-week low.What was the 52-week high for Corning stock?
The high in the last 52 weeks of Corning stock was 46.12. According to the current price, Corning is 99.07% away from the 52-week high.What are analysts forecasts for Corning stock?
The 54 analysts offering price forecasts for Corning have a median target of 38.76, with a high estimate of 51.00 and a low estimate of 28.00. The median estimate represents a 117.88 difference from the last price of 45.69.Corning Stock Snapshot
45.64
Bid
96.00
Bid Size
45.65
Ask
100.00
Ask Size
7/12/2024
Date
4:10 PM
Time
432,809.00
Volume
45.65
Prev. Close
45.26
Open
856.62 M
Number of Shares
45.22
Day Low
46.12
Day High
45.69
25.27
52 Week Low
46.12
52 Week High
45.69
1.12
Dividend in USD
3.68
Dividend Yield
45.02
P/E Ratio
90.33
Free Float in %
0.69
EPS in USD
14.09
Book Value per Share in USD
2.33
Cash Flow per Share in USD
Corning News More News
Historical Prices for Corning
Date | Open | Close | Daily High | Daily Low |
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Price change over selected period:
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Corning Analyst Data
Total Analysts: 55
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price
*Price Target
Lowest: 28.00
Median: 38.80
Highest: 51.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
Corning Analyst Opinions
- All
- Buy
- Hold
- Sell
Date | Analyst | Rating | Price | |||
---|---|---|---|---|---|---|
07/12/24 | Citigroup Corp. | Maintained Buy | $51 | |||
07/10/24 | Oppenheimer & Co. Inc. | Maintained Buy | $50 | |||
07/09/24 | UBS | Maintained Hold | $44 | |||
07/09/24 | Deutsche Bank | Maintained Hold | $46 | |||
07/09/24 | Argus Research Company | Maintained Buy | $50 | |||
07/09/24 | Morgan Stanley | Maintained Hold | $39 | |||
07/03/24 | Deutsche Bank | Maintained Hold | $39 | |||
06/21/24 | Citigroup Corp. | Maintained Buy | $45 | |||
06/18/24 | Mizuho | Maintained Hold | $42 | |||
06/14/24 | Bank of America Merrill Lynch | Maintained Buy | $42 | |||
06/13/24 | Morgan Stanley | Downgraded to Hold | $38 | |||
05/30/24 | UBS | Maintained Hold | $38 | |||
05/30/24 | J.P. Morgan | Upgraded to Buy | $43 | |||
05/07/24 | Mizuho | Maintained Hold | $36 | |||
05/01/24 | J.P. Morgan | Maintained Hold | $37 | |||
04/22/24 | Morgan Stanley | Maintained Buy | $35 | |||
04/11/24 | J.P. Morgan | Maintained Hold | $36 | |||
04/01/24 | Susquehanna Financial Group, LLLP | Maintained Buy | $40 | |||
01/31/24 | Barclays Capital | Maintained Hold | $35 | |||
01/11/24 | UBS | Maintained Hold | $32 | |||
10/25/23 | J.P. Morgan | Maintained Hold | $31 | |||
10/25/23 | Citigroup Corp. | Maintained Buy | $36 | |||
10/25/23 | Barclays Capital | Maintained Hold | $28 | |||
10/25/23 | Oppenheimer & Co. Inc. | Maintained Buy | $37 | |||
10/25/23 | Morgan Stanley | Maintained Buy | $33 | |||
10/25/23 | Deutsche Bank | Downgraded to Hold | $30 | |||
10/09/23 | J.P. Morgan | Downgraded to Hold | $36 | |||
07/31/23 | Oppenheimer & Co. Inc. | Maintained Buy | $42 | |||
07/26/23 | Morgan Stanley | Maintained Buy | $38 | |||
07/26/23 | Credit Suisse | Maintained Buy | $38 | |||
07/14/23 | UBS | Downgraded to Hold | $39 | |||
06/15/23 | Citigroup Corp. | Upgraded to Buy | $40 | |||
06/09/23 | Morgan Stanley | Upgraded to Buy | $38 | |||
05/25/23 | Oppenheimer & Co. Inc. | Maintained Buy | $42 | |||
04/26/23 | Credit Suisse | Maintained Buy | $40 | |||
04/26/23 | Barclays Capital | Maintained Hold | $33 | |||
04/26/23 | Deutsche Bank | Maintained Buy | $37 | |||
04/19/23 | J.P. Morgan | Maintained Buy | $42 | |||
03/27/23 | Deutsche Bank | Upgraded to Buy | $38 | |||
02/02/23 | Susquehanna Financial Group, LLLP | Maintained Buy | $40 | |||
02/01/23 | Credit Suisse | Maintained Buy | $40 | |||
01/18/23 | Credit Suisse | Maintained Buy | $41 | |||
01/11/23 | UBS | Maintained Buy | $40 | |||
01/04/23 | Credit Suisse | Upgraded to Buy | $36 | |||
12/20/22 | J.P. Morgan | Maintained Buy | $40 | |||
12/13/22 | Morgan Stanley | Maintained Hold | $35 | |||
10/26/22 | Barclays Capital | Maintained Hold | $35 | |||
10/11/22 | Morgan Stanley | Maintained Hold | $36 | |||
09/15/22 | Deutsche Bank | Maintained Hold | $37 | |||
09/09/22 | Citigroup Corp. | Maintained Hold | $36 |
Corning Estimates* in USD
2024 | 2025 | 2026 | |
---|---|---|---|
Revenue | 14,264 | 15,185 | 16,054 |
Dividend | 1.13 | 1.20 | 1.27 |
Dividend Yield (in %) | 2.48 % | 2.63 % | 2.79 % |
EPS | 1.94 | 2.28 | 2.50 |
P/E Ratio | 23.60 | 20.00 | 18.27 |
EBIT | 2,496 | 2,843 | 3,075 |
EBITDA | 3,851 | 4,234 | 4,259 |
Net Profit | 1,647 | 1,933 | 2,016 |
Net Profit Adjusted | 1,671 | 1,950 | 2,044 |
Pre-Tax Profit | 2,167 | 2,534 | 2,778 |
Net Profit (Adjusted) | 1,230 | 1,869 | 2,151 |
EPS (Non-GAAP) ex. SOE | 1.94 | 2.28 | 2.50 |
EPS (GAAP) | 1.55 | 2.07 | 2.11 |
Gross Income | 5,147 | 5,563 | 5,757 |
Cash Flow from Investing | -1,380 | -1,488 | -1,400 |
Cash Flow from Operations | 2,219 | 2,850 | 3,531 |
Cash Flow from Financing | -1,380 | -1,488 | -1,400 |
Cash Flow per Share | 2.98 | 3.57 | 4.11 |
Free Cash Flow | 1,141 | 1,495 | 2,192 |
Free Cash Flow per Share | 1.86 | 2.20 | 2.63 |
Book Value per Share | 13.60 | 14.23 | 15.19 |
Net Debt | 5,773 | 5,610 | 5,018 |
Research & Development Exp. | 1,043 | 1,074 | 1,130 |
Capital Expenditure | 1,163 | 1,273 | 1,363 |
Selling, General & Admin. Exp. | 1,793 | 1,842 | 1,961 |
Shareholder’s Equity | 11,775 | 12,354 | 12,846 |
Total Assets | 28,290 | 29,132 | 30,099 |
Previous Quarter ending 06/30/24 |
Current Quarter ending 09/30/24 |
Next Quarter ending 12/31/24 |
Current Year ending 12/31/24 |
Next Year ending 12/31/25 |
|
---|---|---|---|---|---|
Earnings Estimates | |||||
No. of Analysts | 12 | 12 | 12 | 14 | 14 |
Average Estimate | 0.463 USD | 0.541 USD | 0.556 USD | 1.936 USD | 2.285 USD |
Year Ago | 0.331 USD | 0.193 USD | -0.047 USD | 0.685 USD | - |
Publish Date | 7/30/2024 | 10/22/2024 | 2/4/2025 | - | - |
Revenue Estimates | |||||
No. of Analysts | 10 | 10 | 10 | 14 | 14 |
Average Estimate | 3,550 USD | 3,756 USD | 3,750 USD | 14,264 USD | 15,185 USD |
Year Ago | 3,243 USD | 3,173 USD | 2,994 USD | 12,588 USD | - |
Publish Date | 7/30/2024 | 10/22/2024 | 2/4/2025 | - | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Income Statements in Mio. USD
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|
Sales | 12,588.00 | 14,137.00 | 14,068.00 | 11,310.00 | 11,503.00 | 11,290.00 | 10,115.00 |
Change of sales in % | -10.96 | 0.49 | 24.39 | -1.68 | 1.89 | 11.62 | 7.77 |
Gross profit on sales | 4,043.00 | 4,636.00 | 4,961.00 | 3,847.00 | 3,713.00 | 4,168.00 | 3,797.00 |
Gross profit on sales change in % | -12.79 | -6.55 | 28.96 | 3.61 | -10.92 | 9.77 | 5.21 |
Operating income | 1,261.00 | 1,758.00 | 2,137.00 | 1,287.00 | 1,295.00 | 1,580.00 | 1,641.00 |
Operating income change in % | -28.27 | -17.74 | 66.05 | -0.62 | -18.04 | -3.72 | 9.40 |
Income before tax | 816.00 | 1,797.00 | 2,397.00 | 623.00 | 1,216.00 | 1,503.00 | 1,657.00 |
Income before tax change in % | -54.59 | -25.03 | 284.75 | -48.77 | -19.10 | -9.29 | -55.12 |
Income after tax | 581.00 | 1,316.00 | 1,906.00 | 512.00 | 960.00 | 1,066.00 | -497.00 |
Income after tax change in % | -55.85 | -30.95 | 272.27 | -46.67 | -9.94 | - | - |
Balance Sheet in Mio. USD
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|
Total liabilities | 16,632.00 | 17,224.00 | 17,609.00 | 17,327.00 | 15,901.00 | 13,619.00 | 11,724.00 |
Long-term liabilities per share | 15.02 | 14.64 | 15.43 | 17.73 | 16.25 | 13.08 | 9.92 |
Equity | 11,868.00 | 12,275.00 | 12,545.00 | 13,448.00 | 12,997.00 | 13,886.00 | 15,770.00 |
Equity change in % | -3.81 | -2.64 | 12.56 | 3.30 | -7.70 | -14.23 | -14.08 |
Balance sheet total | 28,500.00 | 29,499.00 | 30,154.00 | 30,775.00 | 28,898.00 | 27,505.00 | 27,494.00 |
Balance sheet total change in % | -3.39 | -2.17 | -2.02 | 6.50 | 5.06 | 0.04 | -1.45 |
Key Data in USD
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|
Sales per share | 14.65 | 16.50 | 16.67 | 14.65 | 12.80 | 12.00 | 11.30 |
P/E ratio (year end quote, basic EPS) | 45.02 | 20.80 | 29.12 | 67.13 | 27.26 | 26.67 | - |
P/E ratio (year end quote, diluted EPS) | 45.02 | 20.80 | 29.12 | 67.13 | 27.26 | 26.67 | - |
P/E ratio (year end quote) | 45.02 | 20.80 | 29.12 | 67.13 | 27.26 | 26.67 | - |
Dividend yield in % | 3.68 | 3.38 | 2.58 | 2.44 | 2.75 | 2.38 | 1.94 |
Equity ratio in % | 40.53 | 40.71 | 40.90 | 35.60 | 36.70 | 41.78 | 48.73 |
Debt ratio in % | 58.36 | 58.39 | 58.40 | 56.30 | 55.02 | 49.51 | 42.64 |
Corning Insider Activity
Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
---|---|---|---|---|---|---|
Bayne John P JR | 06/30/2024 | 1,089.00 | 1,042.00 | 38.66 | Sell | No |
Bayne John P JR | 06/30/2024 | 1,650.00 | 1,650.00 | n/a | Buy | No |
Bayne John P JR | 06/30/2024 | 481.00 | 2,131.00 | n/a | Buy | No |
Seetharam Soumya | 05/08/2024 | 23,291.00 | 50,000.00 | 34.01 | Sell | No |
Evenson Jeffrey W | 05/05/2024 | 103,437.00 | 70,110.00 | 33.19 | Sell | No |
Evenson Jeffrey W | 05/05/2024 | 7,480.00 | 144,698.00 | 20.89 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 7,170.00 | 137,218.00 | 20.92 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 6,614.00 | 122,881.00 | 22.68 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 13,000.00 | 166,067.00 | 19.65 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 7,167.00 | 130,048.00 | 20.93 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 7,480.00 | 173,547.00 | 20.89 | Buy | No |
Evenson Jeffrey W | 05/05/2024 | 8,369.00 | 153,067.00 | 18.67 | Buy | No |
Curran Martin J | 05/02/2024 | 2,500.00 | 63,098.00 | n/a | Sell | No |
Curran Martin J | 05/02/2024 | 2,500.00 | 82,014.00 | n/a | Sell | No |
Curran Martin J | 05/02/2024 | 16,416.00 | 65,598.00 | 33.70 | Sell | No |
Curran Martin J | 05/02/2024 | 2,500.00 | 2,500.00 | n/a | Buy | No |
Curran Martin J | 05/02/2024 | 2,500.00 | 2,500.00 | n/a | Buy | No |
Zhang John Z | 05/01/2024 | 12,546.00 | 11,355.00 | 33.42 | Sell | No |
STEVERSON LEWIS A | 04/30/2024 | 29,978.00 | 31,294.00 | 33.05 | Sell | No |
Bayne John P JR | 04/14/2024 | 8,908.00 | 13,198.00 | 31.29 | Sell | No |
STEVERSON LEWIS A | 04/14/2024 | 26,728.00 | 61,272.00 | 31.29 | Sell | No |
Musser Eric S | 04/14/2024 | 31,785.00 | 220,369.00 | 31.29 | Sell | No |
Nelson Avery H III | 04/14/2024 | 9,194.00 | 58,633.00 | 31.29 | Sell | No |
Verkleeren Ronald L | 04/14/2024 | 9,983.00 | 55,180.00 | 31.29 | Sell | No |
Zhang John Z | 04/14/2024 | 11,845.00 | 23,901.00 | 31.29 | Sell | No |
Corning Dividend Calendar
Date | Name | Dividend | *yield | Currency |
---|---|---|---|---|
2023 | Corning Inc. | 1.12 | 3.68 | USD |
2022 | Corning Inc. | 1.08 | 3.38 | USD |
2021 | Corning Inc. | 0.96 | 2.58 | USD |
2020 | Corning Inc. | 0.88 | 2.44 | USD |
2019 | Corning Inc. | 0.80 | 2.75 | USD |
2018 | Corning Inc. | 0.72 | 2.38 | USD |
2017 | Corning Inc. | 0.62 | 1.94 | USD |
2016 | Corning Inc. | 0.54 | 2.22 | USD |
2015 | Corning Inc. | 0.48 | 2.63 | USD |
2014 | Corning Inc. | 0.40 | 1.74 | USD |
2013 | Corning Inc. | 0.39 | 2.19 | USD |
2012 | Corning Inc. | 0.32 | 2.50 | USD |
2011 | Corning Inc. | 0.23 | 1.73 | USD |
2010 | Corning Inc. | 0.20 | 1.04 | USD |
2009 | Corning Inc. | 0.20 | 1.04 | USD |
2008 | Corning Inc. | 0.20 | 2.10 | USD |
2007 | Corning Inc. | 0.10 | 0.42 | USD |
2006 | Corning Inc. | 0.00 | 0.00 | USD |
2005 | Corning Inc. | 0.00 | 0.00 | USD |
2004 | Corning Inc. | 0.00 | 0.00 | USD |
2003 | Corning Inc. | 0.00 | 0.00 | USD |
2002 | Corning Inc. | 0.00 | 0.00 | USD |
2001 | Corning Inc. | 0.12 | 1.35 | USD |
2000 | Corning Inc. | 0.24 | 0.45 | USD |
1999 | Corning Inc. | 0.24 | 0.19 | USD |
*Yield of the Respective Date
Corning Inc. Calendar
Event | Estimate | Info | Date |
---|---|---|---|
Press Conference | - | 07/30/2024 | |
Earnings Report | 0.463 USD | Q2 2024 Earnings Release | 07/30/2024 |
Earnings Report | 0.541 USD | Q3 2024 Earnings Release | 10/22/2024 |
Earnings Report | 0.556 USD | Q4 2024 Earnings Release | 02/04/2025 |
Earnings Report | 0.479 USD | Q1 2025 Earnings Release | 05/06/2025 |
Earnings Report | 0.548 USD | Q2 2025 Earnings Release | 08/05/2025 |
Corning Inc. Past Events
Event | Actual EPS | Info | Date |
---|---|---|---|
Annual General Meeting | - | Annual General Meeting | 05/02/2024 |
Press Conference | - | - | 04/30/2024 |
Corning Profile
Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. It operates through the following segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Display Technologies segment manufactures glass substrates for flat panel displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computer, desktop monitors, tablets, and handheld devices. The Specialty Materials segment is involved in the manufacture of products that provide material formulations for glass, glass ceramics and crystals, and precision metrology instruments and software.
Moody’s Daily Credit Risk Score
Corning Shareholder
Owner | in % |
---|---|
Freefloat | 90.33 |
The Vanguard Group, Inc. | 11.47 |
Vanguard Group, Inc. (Subfiler) | 10.97 |
Samsung Electronics Co., Ltd. | 9.34 |
State Street Corp. | 3.80 |
Wellington Management Co. LLP (Wellington Breakout) | 3.27 |
BlackRock Fund Advisors | 3.08 |
Vanguard Total Stock Market ETF | 2.82 |
Vanguard 500 Index Fund | 2.30 |
Geode Capital Management LLC | 2.06 |
Vanguard Mid Cap Index Fund | 1.95 |
BlackRock Institutional Trust Co. NA | 1.94 |
T Rowe Price Associates, Inc. (13F Subfiler) | 1.84 |
Morgan Stanley Smith Barney LLC | 1.82 |
Columbia Management Investment Advisers LLC | 1.74 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
Corning Management
Name | Job |
---|---|
David Loeber | Business Director-Corning Large Cover Glass |
Wendell P. Weeks | Chairman & Chief Executive Officer |
Soumya Seetharam | Chief Digital & Information Officer, Senior VP |
Edward A. Schlesinger | Chief Financial Officer & Executive Vice President |
Jordana D. Kammerud | Chief Human Resources Officer & Senior VP |
Jeffrey W. Evenson | Chief Strategy Officer & Executive Vice President |
Cheryl C. Capps | Chief Supply Chain Officer & Senior Vice President |
Jaymin Amin | Chief Technology Officer & Senior Vice President |
Lewis A. Steverson | Executive VP, Chief Legal & Administrative Officer |
Martin J. Curran | Executive Vice President & Innovation Officer |
Deborah Ann Henretta | Independent Director |
Kurt M. Landgraf | Independent Director |
Thomas D. French | Independent Director |
Mark Stephen Wrighton | Independent Director |
Daniel P. Huttenlocher | Independent Director |
Hansel Emory Tookes | Independent Director |
Deborah D. Rieman | Independent Director |
Roger W. Ferguson | Independent Director |
Kevin J. Martin | Independent Director |
Pamela J. Craig | Independent Director |
Leslie A. Brun | Independent Director |
Robert F. Cummings | Independent Director |
Stephanie A. Burns | Lead Independent Director |
Eric S. Musser | President & Chief Operating Officer |
John P. Bayne | SVP & General Manager-Mobile Consumer Electronics |
Linda E. Jolly | Secretary & Vice President |
Avery H. Nelson | Senior VP & GM-Automotive & Solar |
Stefan Becker | Senior VP-Finance & Corporate Controller |
Anne Mullins | Senior Vice President |
Michaune D. Tillman | Senior Vice President & General Counsel |
Harrison Smookler | VP-Strategy & Business Intelligence |
Ann H. S. Nicholson | Vice President-Investor Relations |