Analyst’s Ratings : Corning Inc. (NYSE:GLW)


Corning Inc. (NYSE:GLW) closed its last session at $29.52. The stock traded within a range of $29.00 and $29.65. The company operates in the Technology sector with a market capitalization of 26.07 Million. Trading volume for Corning Inc. was 7.43 Million in its previous trading session. Currently, Corning Inc. (NYSE:GLW) has an average volume of 6.23 Million.

Company Profile

Corning Incorporated is one of the world’s leading innovators in materials science. Corning applies its unparalleled expertise in glass science, ceramics science, and optical physics, along with its deep manufacturing and engineering capabilities, to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping their customers capture new opportunities in dynamic industries. Corning’s markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels.

Analyst Views

Corning Inc. (NYSE:GLW) received a Buy rating from 2 analysts. 0 analysts gave its stock an Outperform rating. 3 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Corning Inc. (NYSE:GLW) touched its 1-Year High price of $35.10 on 01/19/18 and its 1-Year Low price of $26.32 on 04/13/17.

EPS & Financials

Corning Inc. (NYSE:GLW) reported its EPS in the last quarter as $0.49/Share beating the analyst estimate of $0.47/Share by a difference of $0.02. This showed a surprise of 4.3% in the last quarter earnings.

For the current quarter, 13 analysts are projecting a mean EPS of $0.3/share. According to their observations and findings, the stock could provide a high EPS of $0.33/share and a low EPS of $0.26/share.

Analysts believe that the company has the potential to earn average revenue of $2.5 Billion for the current quarter. According to their predictions high & low revenue estimates are 2.57 Billion and 2.46 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Corning Inc. (NYSE:GLW) has a 20-Day average volume of 8.98 Million. According to today’s trading volume Corning Inc. is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.1 Percent and Institutional ownership of 74.7 Percent. The return on assets stands at 8.1%, Return on Equity currently is 14.7% and the Return on Investment value is 7.2%.

Corning Inc. (NYSE:GLW) gross margin percentage stands at 39.9% while its operating margin for the past trailing twelve month is 17.5 percent and its overall profit margin (ttm) is 22.6 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -8.04% with a 50-Day Simple Moving Average of -9.06 percent. As of today, the company has a SMA200 (200-day simple moving average) of -3.55 Percent. The Stock has YTD (year to date) performance of -7.72 percent.

The TTM operating margin for the company stands at 17.5%. The return on invested capital is at 7.2%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 81.2.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -3.55%, and has a solid year to date (YTD) performance of -7.72% which means that the stock is constantly adding to its value from the previous fiscal year end price.