Corning (GLW)
(Delayed Data from NYSE)
$44.50 USD
+0.07 (0.16%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $44.50 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
B Value C Growth C Momentum C VGM
Company Summary
New York-based Corning Incorporated started out as a glass business that was reincorporated in 1936. The company has since developed its glass technologies to produce advanced glass substrates that are used in a large number of applications across multiple markets. Corning reports results under six operating segments.
The Display Technologies segment (26% of total core sales in 2023) includes glass substrates that are commonly found in liquid crystal display (LCD) TVs, notebooks and flat-panel desktop personal computer (PC) monitors. The company’s specialty, active-matrix substrates improve the brightness and sharpness of images.
<...Company Summary
New York-based Corning Incorporated started out as a glass business that was reincorporated in 1936. The company has since developed its glass technologies to produce advanced glass substrates that are used in a large number of applications across multiple markets. Corning reports results under six operating segments.
The Display Technologies segment (26% of total core sales in 2023) includes glass substrates that are commonly found in liquid crystal display (LCD) TVs, notebooks and flat-panel desktop personal computer (PC) monitors. The company’s specialty, active-matrix substrates improve the brightness and sharpness of images.
The company’s Optical Communications products (29.5%) may be categorized into two. The first category comprises cables. Products are typically sold to its own subsidiaries, which then distribute to end users. The second category is hardware and equipment, which comprises optical and copper connectivity products.
The Environmental Technologies segment (13%) makes ceramic substrates required for mobile and stationary pollution and emission control systems. The primary users of Corning’s products are automotive and diesel engine manufacturers.
Specialty Materials (13.7%) include different formulations for glass, glass ceramics and fluoride crystals that render special properties to each separate substrate, making it suitable for specific industrial and commercial use.
Life Sciences segment (7.1%) products are sold under the Corning, Costar and Pyrex brands primarily for laboratory equipment, such as microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, Pyrex glass beakers, serological pipettes, centrifuge tubes and laboratory filtration products. Hemlock and Emerging Growth Businesses, which include solar and semiconductor products and all other businesses that are not part of any other segments, accounted for 10.6% of total sales.
General Information
Corning Incorporated
ONE RIVERFRONT PLAZA
CORNING, NY 14831
Phone: 607-974-9000
Fax: 607-974-2063
Email: irinfo@corning.com
Industry | Communication - Components |
Sector | Computer and Technology |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/22/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.53 |
Current Year EPS Consensus Estimate | 1.90 |
Estimated Long-Term EPS Growth Rate | 13.60 |
Exp Earnings Date | 10/22/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 44.43 |
52 Week High | 46.39 |
52 Week Low | 25.26 |
Beta | 1.04 |
20 Day Moving Average | 3,879,878.75 |
Target Price Consensus | 45.25 |
4 Week | 7.83 |
12 Week | 15.31 |
YTD | 46.14 |
4 Week | 5.33 |
12 Week | 10.87 |
YTD | 21.81 |
Shares Outstanding (millions) | 855.70 |
Market Capitalization (millions) | 38,078.70 |
Short Ratio | NA |
Last Split Date | 10/4/2000 |
Dividend Yield | 2.52% |
Annual Dividend | $1.12 |
Payout Ratio | 0.66 |
Change in Payout Ratio | 0.10 |
Last Dividend Payout / Amount | 8/30/2024 / $0.28 |
Fundamental Ratios
P/E (F1) | 23.36 |
Trailing 12 Months | 26.33 |
PEG Ratio | 1.72 |
vs. Previous Year | 4.44% |
vs. Previous Quarter | 23.68% |
vs. Previous Year | 0.25% |
vs. Previous Quarter | 9.28% |
Price/Book | 3.48 |
Price/Cash Flow | 13.41 |
Price / Sales | 3.07 |
6/30/24 | 12.69 |
3/31/24 | 12.31 |
12/31/23 | 12.31 |
6/30/24 | 5.24 |
3/31/24 | 5.11 |
12/31/23 | 5.12 |
6/30/24 | 1.57 |
3/31/24 | 1.67 |
12/31/23 | 1.67 |
6/30/24 | 0.98 |
3/31/24 | 1.02 |
12/31/23 | 1.05 |
6/30/24 | 11.80 |
3/31/24 | 11.65 |
12/31/23 | 11.62 |
6/30/24 | 3.53 |
3/31/24 | 4.96 |
12/31/23 | 4.62 |
6/30/24 | 5.22 |
3/31/24 | 7.14 |
12/31/23 | 6.48 |
6/30/24 | 12.77 |
3/31/24 | 13.49 |
12/31/23 | 13.91 |
6/30/24 | 3.19 |
3/31/24 | 3.14 |
12/31/23 | 3.16 |
6/30/24 | 0.63 |
3/31/24 | 0.61 |
12/31/23 | 0.61 |
6/30/24 | 38.73 |
3/31/24 | 37.88 |
12/31/23 | 37.78 |