Corning Incorporated (GLW) EPS Estimated At $0.40

July 17, 2017 - By Maria Brooks

 Corning Incorporated (GLW) EPS Estimated At $0.40
Investors sentiment decreased to 0.74 in Q4 2016. Its down 0.01, from 0.75 in 2016Q3. It is negative, as 44 investors sold Corning Incorporated shares while 345 reduced holdings. 99 funds opened positions while 190 raised stakes. 664.60 million shares or 5.71% less from 704.83 million shares in 2016Q3 were reported.
Seizert Prtnrs Lc stated it has 641,430 shares. Pinebridge Invs L P invested in 522,862 shares or 0.38% of the stock. 20,276 are held by Putnam Invests Lc. Gemmer Asset Mngmt Limited Liability Company reported 1,045 shares. Delta Asset Tn reported 2,264 shares. Moreover, Lpl Finance Ltd Liability Company has 0% invested in Corning Incorporated (NYSE:GLW) for 12,999 shares. Carroll Fincl Associate, North Carolina-based fund reported 5,143 shares. 170,940 were accumulated by Counselors. Premier Asset Managment Limited Liability Co holds 0.21% or 33,850 shares in its portfolio. Cap Invest Counsel holds 0.65% or 54,833 shares. Lmr Partners Limited Liability Partnership holds 0.12% in Corning Incorporated (NYSE:GLW) or 32,384 shares. 183,196 were accumulated by Thompson Inv. Stifel Financial reported 0.08% of its portfolio in Corning Incorporated (NYSE:GLW). Laffer Investments holds 0% of its portfolio in Corning Incorporated (NYSE:GLW) for 76,270 shares. Reik And Ltd Co accumulated 20,415 shares.

Since January 24, 2017, it had 0 insider purchases, and 28 selling transactions for $39.44 million activity. Musser Eric S sold $991,773 worth of stock. ROGUS MARK S sold 18,000 shares worth $480,989. Kinlin Clark S had sold 76,798 shares worth $2.05M on Friday, February 10. Another trade for 2,083 shares valued at $54,158 was made by LANDGRAF KURT M on Tuesday, January 24. 54,750 shares valued at $1.60M were sold by Evenson Jeffrey W on Monday, May 15. 5,747 Corning Incorporated (NYSE:GLW) shares with value of $161,976 were sold by Schlesinger Edward A. Morse David L also sold $898,445 worth of Corning Incorporated (NYSE:GLW) on Monday, May 8.

Analysts expect Corning Incorporated (NYSE:GLW) to report $0.40 EPS on July, 26.They anticipate $0.03 EPS change or 8.11 % from last quarter’s $0.37 EPS. GLW’s profit would be $371.02 million giving it 19.58 P/E if the $0.40 EPS is correct. After having $0.39 EPS previously, Corning Incorporated’s analysts see 2.56 % EPS growth. About 4.36M shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since July 18, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 17 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. Corning Incorporated had 31 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, June 20, the company rating was initiated by Citigroup. The rating was maintained by Jefferies on Tuesday, May 30 with “Hold”. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, March 14. The firm earned “Buy” rating on Friday, July 14 by Susquehanna. As per Tuesday, January 26, the company rating was maintained by Drexel Hamilton. The firm has “Sell” rating by Drexel Hamilton given on Friday, June 10. Citigroup maintained Corning Incorporated (NYSE:GLW) rating on Friday, August 26. Citigroup has “Buy” rating and $26 target. Deutsche Bank maintained it with “Buy” rating and $26 target in Wednesday, October 26 report. Goldman Sachs reinitiated Corning Incorporated (NYSE:GLW) on Friday, September 25 with “Neutral” rating. The stock has “Hold” rating by Drexel Hamilton on Friday, October 9.

Corning Incorporated is engaged in manufacturing specialty glass and ceramics. The company has market cap of $29.06 billion. The Company’s divisions include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. It has a 8.59 P/E ratio. The Display Technologies segment makes glass substrates for flat panel liquid crystal displays .

More important recent Corning Incorporated (NYSE:GLW) news were published by: Seekingalpha.com which released: “The Future Growth Portfolio: Corning Inc.” on June 19, 2017, also Fool.com published article titled: “Why the Best Is Yet to Come for Corning Incorporated”, Fool.com published: “Better Buy: Corning Incorporated vs. Universal Display” on June 21, 2017. More interesting news about Corning Incorporated (NYSE:GLW) was released by: Fool.com and their article: “Better Buy: Corning Incorporated vs. Apple” with publication date: June 23, 2017.

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