Corning released its earnings results on Apr 25, 2023. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.389 by $0.021.

Is Corning overvalued?

According to Wall Street analysts Corning’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Corning pay dividends?

Corning pays a Quarterly dividend of $0.28 which represents an annual dividend yield of 3.52%. See more information on Corning dividends here

What is Corning’s EPS estimate?

Corning’s EPS estimate is $0.46.

How many shares outstanding does Corning have?

Corning has 850,130,500 shares outstanding.

What happened to Corning’s price movement after its last earnings report?

Corning reported an EPS of $0.41 in its last earnings report, beating expectations of $0.389. Following the earnings report the stock price went down -2.278%.

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 314M.

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Corning Stock Smart Score

Neutral

Fundamentals

Return on Equity

7.49%

Trailing 12-Months

Asset Growth

-4.74%

Trailing 12-Months

The Corning stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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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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