The Street Is Finally Waking Up To Corning, Inc. (NYSE: GLW)

After Hours

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Stocks Info

Corning, Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Electronic Components industry. The current market capitalization of Corning, Inc. is $26.76B. A total of 3.39 million shares were traded on the day, compared to an average of 4.78M shares.

In the most recent transaction, McRae Lawrence D sold 77,464 shares of GLW for 33.24 per share on Mar 21 ’24. After the transaction, the Retired Vice Chairman now owns 215,254 company shares. In a previous transaction on Feb 29 ’24, Bayne John P JR sold 4,086 shares at 32.21 per share. GLW shares that SVP &GM, Mobile Consumer Elec. owns now total 0.

Among the insiders who sold shares, Fang Li disposed of 8,480 shares on Feb 21 ’24 at a per-share price of $32.34. This resulted in the SVP, Corning Intl & NBD, Solar holding 0 shares of GLW after the transaction. In another insider transaction, Amin Jaymin sold 28,231 shares at $31.96 per share on Feb 16 ’24. Company shares held by the SVP and Chief Tech. Officer now total 91,241.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Corning, Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 3.58%, and it has a price to earnings (P/E) ratio of 46.29. GLW’s most recent ex-dividend date was 2/28/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/16/2023. The GLW stock dividend was $0.28 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, GLW has a high of $36.01 and a low of $25.26.

As of this writing, GLW has an earnings estimate of $Globe Life Inc. per share for the current quarter. EPS was calculated based on a consensus of SPDR Gold Trust estimates, with a high estimate of $Genworth Financial Inc per share and a lower estimate of $Corning Incorporated.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GLW’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $7.83B in debt and $4.81B in liabilities at the time. Its Book Value Per Share was $14.09, while its Total Shareholder’s Equity was $12.54B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLW is Buy with a score of 3.90.

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