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Corning (GB:0R2X)
LSE:0R2X
Corning (0R2X) Share Price & Analysis
0 Followers
0R2X Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.83 - $34.82
Previous Close$31.32
Volume1.03K
Average Volume (3M)3.14K
Market Cap
$26.50B
Enterprise Value$34.34B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.53B
Price to Earnings (P/E)46.3
Beta1.09
Next Earnings
Apr 30, 2024EPS Estimate
$0.35Last Dividend Ex-Date
Feb 28, 2024Dividend Yield3.62%
Share Statistics
EPS (TTM)0.68
Shares Outstanding853,474,317
10 Day Avg. Volume334
30 Day Avg. Volume3,137
Standard Deviation0.09
R-Squared0.24
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.19
Price to Sales (P/S)10.25
Price to Cash Flow (P/CF)9.30
P/FCF Ratio12.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.73
Enterprise Value/Gross Profit8.74
Enterprise Value/Ebitda16.49
Forecast
1Y Price Target
$34.33Price Target Upside9.61% Upside
Rating ConsensusHold
Number of Analyst Covering9
Corning News
PremiumCompany Announcements
Corning CFO to Speak at Morgan Stanley Conference
PremiumPress Releases
Corning Announces Quarterly Dividend
Bulls Say, Bears Say
Bulls Say
Financial ForecastOptimism around sales recovery with a price objective increase to $36.
Industry TrendCompetitors such as Asahi and NEG are likely to follow Corning's lead in raising prices, indicating an industry trend.
Market PositionAnalyst reiterates Buy rating on the company as more content in end devices will allow the company to grow revenue in excess of its end markets.
Bears Say
Demand And Supply DynamicsOmdia expects panel demand to slow, and panel makers are anticipated to lower their fab utilization rates.
Pricing ChallengesPanel makers are currently losing money, which could make it difficult for Corning to successfully implement the needed price increases.
Profitability ConcernsCorning's profitability from Display is expected to decline with the best case scenario being flat compared to the current year.
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Options Prices
Currently, No data available
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Ownership Overview
10.16% Insiders
24.18% Mutual Funds
22.42% Other Institutional Investors
43.24% Public Companies and
Individual Investors
0R2X FAQ
What was Corning’s price range in the past 12 months?
Corning lowest share price was $24.83 and its highest was $34.82 in the past 12 months.
What is Corning’s market cap?
Currently, no data Available
When is Corning’s upcoming earnings report date?
Corning’s upcoming earnings report date is Apr 30, 2024 which is in 11 days.
How were Corning’s earnings last quarter?
Corning released its earnings results on Jan 30, 2024. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.393 by -$0.003.
Is Corning overvalued?
According to Wall Street analysts Corning’s price is currently Undervalued.
Does Corning pay dividends?
Corning pays a Quarterly dividend of $0.28 which represents an annual dividend yield of 3.62%. See more information on Corning dividends here
What is Corning’s EPS estimate?
Corning’s EPS estimate is $0.35.
How many shares outstanding does Corning have?
Corning has 855,352,500 shares outstanding.
What happened to Corning’s price movement after its last earnings report?
Corning reported an EPS of $0.39 in its last earnings report, missing expectations of $0.393. Following the earnings report the stock price went up 6.055%.
Which hedge fund is a major shareholder of Corning?
Among the largest hedge funds holding Corning’s share is PRIMECAP Management Co. It holds Corning’s shares valued at 264M.
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Corning Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$34.33 (9.61% Upside)
$34.33 (9.61% Upside)
Blogger Sentiment
Bullish
GB:0R2X Sentiment 100%
Sector Average 73%
Sector Average 73%
Insider Transactions
Sold Shares
Worth $4.3M over
the Last 3 Months
the Last 3 Months
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-7.56%
12-Months-Change
Fundamentals
Return on Equity
4.93%
Trailing 12-Months
Asset Growth
-3.39%
Trailing 12-Months
Company Description
Corning
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides 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 specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily 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 Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
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0R2X Company Deck
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0R2X Earnings Call
Q4 2024
0:00 / 0:00
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0R2X Revenue Breakdown
31.87% Telecommunication products
21.40% Display products
14.73% Specialty glass products
13.19% Environmental substrate and filter products
18.81% Other
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0R2X Stock 12 Months Forecast
Average Price Target
$34.33
▲(9.61% Upside)
Technical Analysis
Best Analysts Covering 0R2X
1 Year
1 Year Success Rate
10/18 ratings generated profit
1 Year Average Return
+10.82%
reiterated a buy rating 15 days ago
Copying Asiya Merchant's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +10.82% per trade.
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