Corning Incorporated (GLW) EPS Estimated At $0.47

January 22, 2018 - By Maria Brooks

 Corning Incorporated (GLW) EPS Estimated At $0.47
Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.17, from 0.92 in 2017Q2. It dropped, as 64 investors sold Corning Incorporated shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported.
Susquehanna Intl Ltd Liability Partnership invested 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). 7,745 are held by Drexel Morgan. Mitsubishi Ufj Tru Bk Corp has invested 0.11% of its portfolio in Corning Incorporated (NYSE:GLW). Manufacturers Life Insurance The holds 1.17 million shares or 0.04% of its portfolio. Fukoku Mutual Life invested in 10,800 shares. Waverton Management Ltd stated it has 0.05% in Corning Incorporated (NYSE:GLW). Verity Verity Ltd Liability Corp stated it has 0.07% in Corning Incorporated (NYSE:GLW). Caisse De Depot Et Placement Du Quebec reported 532,200 shares. Sei Invs reported 546,661 shares or 0.06% of all its holdings. Oppenheimer And stated it has 163,701 shares. First City stated it has 0.56% in Corning Incorporated (NYSE:GLW). Natl Registered Investment Advisor holds 11,618 shares. Waldron L P, a Pennsylvania-based fund reported 8,683 shares. New Mexico Educational Retirement Board holds 0.12% in Corning Incorporated (NYSE:GLW) or 85,556 shares. Manning & Napier Limited Liability Corporation holds 176,252 shares.

Since August 24, 2017, it had 0 buys, and 7 selling transactions for $12.68 million activity. WEEKS WENDELL P sold 248,857 shares worth $7.81M. The insider RIEMAN DEBORAH sold $66,979. Another trade for 29,949 shares valued at $945,178 was made by Musser Eric S on Wednesday, October 25. McRae Lawrence D sold $1.38 million worth of stock or 48,125 shares. Pambianchi Christine M sold 33,000 shares worth $942,619. On Wednesday, October 25 the insider TOOKES HANSEL E II sold $205,778.

Analysts expect Corning Incorporated (NYSE:GLW) to report $0.47 EPS on January, 23.They anticipate $0.03 EPS change or 6.00 % from last quarter’s $0.5 EPS. GLW’s profit would be $408.46M giving it 18.44 P/E if the $0.47 EPS is correct. After having $0.43 EPS previously, Corning Incorporated’s analysts see 9.30 % EPS growth. The stock decreased 0.55% or $0.19 during the last trading session, reaching $34.66. About 5.83M shares traded or 6.37% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 22, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated has $38.0 highest and $15.75 lowest target. $28.08’s average target is -18.98% below currents $34.66 stock price. Corning Incorporated had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 31 by Jefferies. The firm earned “Hold” rating on Friday, October 9 by Drexel Hamilton. The rating was maintained by RBC Capital Markets on Friday, September 25 with “Outperform”. As per Wednesday, November 2, the company rating was maintained by Goldman Sachs. The rating was downgraded by Drexel Hamilton on Friday, June 10 to “Sell”. The company was maintained on Friday, July 14 by Susquehanna. Citigroup maintained it with “Neutral” rating and $32 target in Wednesday, October 25 report. Drexel Hamilton maintained the stock with “Sell” rating in Wednesday, July 26 report. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 25. The company was initiated on Tuesday, September 29 by Sterne Agee CRT.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $30.12 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It has a 14.49 P/E ratio. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

More news for Corning Incorporated (NYSE:GLW) were recently published by: Seekingalpha.com, which released: “Corning: Strong Future Cash Flows Trading At A Discount” on January 04, 2018. Seekingalpha.com‘s article titled: “Corning: If The World Of The Future Is Made Of Glass, This Company Looks …” and published on December 28, 2017 is yet another important article.

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