$0.47 EPS Expected for Corning Incorporated (GLW)

January 22, 2018 - By Henry Gaston

 $0.47 EPS Expected for Corning Incorporated (GLW)
Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. It turned negative, 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.
3.36 million were accumulated by Ubs Asset Mngmt Americas Inc. Planning Corp owns 0.14% invested in Corning Incorporated (NYSE:GLW) for 22,501 shares. Jupiter Asset Management Limited reported 0.1% of its portfolio in Corning Incorporated (NYSE:GLW). Hanson Mcclain Incorporated holds 593 shares or 0% of its portfolio. Staley Cap Advisers has 3.59% invested in Corning Incorporated (NYSE:GLW). Skylands Cap Llc holds 0.01% in Corning Incorporated (NYSE:GLW) or 2,200 shares. Moreover, Shamrock Asset Mngmt Limited Liability has 0% invested in Corning Incorporated (NYSE:GLW). Georgia-based Homrich & Berg has invested 0.03% in Corning Incorporated (NYSE:GLW). Keybank Natl Association Oh reported 118,233 shares. Becker Capital owns 31,415 shares. Private Advisor Limited Liability Company holds 81,061 shares or 0.06% of its portfolio. Mitchell Mcleod Pugh & Williams has invested 0.44% in Corning Incorporated (NYSE:GLW). Cambridge Incorporated owns 49,379 shares. Neville Rodie Shaw reported 152,095 shares stake. City Hldg has invested 0.05% of its portfolio in Corning Incorporated (NYSE:GLW).

Since August 24, 2017, it had 0 insider buys, and 7 selling transactions for $12.68 million activity. Another trade for 46,763 shares valued at $1.33 million was sold by Kinlin Clark S. $7.81M worth of Corning Incorporated (NYSE:GLW) was sold by WEEKS WENDELL P on Tuesday, October 31. RIEMAN DEBORAH sold $66,979 worth of stock. 6,513 shares were sold by TOOKES HANSEL E II, worth $205,778 on Wednesday, October 25. Musser Eric S had sold 29,949 shares worth $945,178 on Wednesday, October 25. 48,125 Corning Incorporated (NYSE:GLW) shares with value of $1.38M were sold by McRae Lawrence D.

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 stock of Corning Incorporated (NYSE:GLW) has “Hold” rating given on Wednesday, October 4 by Jefferies. On Friday, June 10 the stock rating was downgraded by Drexel Hamilton to “Sell”. The firm has “Sell” rating given on Monday, June 19 by Drexel Hamilton. The firm earned “Hold” rating on Tuesday, May 30 by Jefferies. On Thursday, August 31 the stock rating was maintained by Jefferies with “Hold”. As per Friday, March 31, the company rating was downgraded by Citigroup. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, November 2. The stock has “Market Perform” rating by Wells Fargo on Wednesday, December 21. The firm earned “Hold” rating on Thursday, April 13 by Stifel Nicolaus. The firm has “Neutral” rating given on Wednesday, October 28 by UBS.

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: If The World Of The Future Is Made Of Glass, This Company Looks …” on December 28, 2017. Seekingalpha.com‘s article titled: “Corning: Strong Future Cash Flows Trading At A Discount” and published on January 04, 2018 is yet another important article.

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