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Corning Incorporated (GLW)

Stock Price: $32.67 USD 0.37 (1.15%)
Updated Aug 12, 2020 1:41 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 24.86B
Revenue (ttm) 10.70B
Net Income (ttm) 202.00M
Shares Out 761.78M
EPS (ttm) 0.14
PE Ratio 233.36
Forward PE 28.99
Dividend $0.88
Dividend Yield 2.69%

Stock Quote

Trading Day Aug 12, 2020
Last Price $32.67
Previous Close $32.30
Change ($) 0.37
Change (%) 1.15%
Day's Open 32.50
Day's Range 32.40 - 32.83
Day's Volume 1,206,490
52-Week Range 17.44 - 32.84

More Stats

Market Cap 24.86B
Enterprise Value 30.51B
Earnings Date (est) Nov 3, 2020
Ex-Dividend Date May 28, 2020
Shares Outstanding 761.78M
Float 759.08M
EPS (basic) 0.12
EPS (diluted) 0.14
FCF / Share 1.39
Dividend $0.88
Dividend Yield 2.69%
Earnings Yield 0.43%
FCF Yield 4.25%
Payout Ratio n/a
Shares Short 23.71M
Short Ratio 3.84
Short % of Float 3.13%
Beta 1.17
PE Ratio 233.36
Forward PE 28.99
P/FCF Ratio 23.52
PS Ratio 2.32
PB Ratio 2.49
Revenue 10.70B
Operating Income 168.00M
Net Income 202.00M
Free Cash Flow 1.06B
Net Cash -5.65B
Net Cash / Share -7.43
Gross Margin 37.70%
Operating Margin 1.57%
Profit Margin 1.90%
FCF Margin 9.88%
ROA 1.70%
ROE 1.58%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (13)

Buy 5
Overweight 0
Hold 7
Underweight 1
Sell 0

Analyst Consensus: Overweight

Price Target

$31.17*
(-4.59% downside)
Low
26.0
Current: $32.67
High
36.0
Target: 31.17
*Average 12-month price target from 9 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue11,50311,29010,1169,3909,1119,7157,8198,0127,8906,632
Revenue Growth1.89%11.61%7.73%3.06%-6.22%24.25%-2.41%1.55%18.97%-
Gross Profit4,0354,4614,0203,7633,6534,0523,3243,3193,5763,049
Operating Income1,1511,3591,5271,3071,2261,9561,4161,1791,7121,801
Net Income9601,066-4973,6951,3392,4721,9611,6362,8173,558
Shares Outstanding7698008699511,1831,2821,4471,4781,5721,563
Earnings Per Share1.071.13-0.663.231.001.731.341.091.782.25
EPS Growth-5.31%--223%-42.2%29.1%22.94%-38.76%-20.89%-
Dividend Per Share0.800.720.620.540.480.400.390.320.230.20
Dividend Growth11.11%16.13%14.81%12.5%20%2.56%23.81%40%12.5%-
Operating Cash Flow2,0312,9192,0042,5372,8294,7092,7873,2063,1893,835
Capital Expenditures-1,909-2,291-1,804-1,130-1,250-1,076-1,019-1,801-2,432-1,007
Free Cash Flow1226282001,4071,5793,6331,7681,4057572,828
Cash & Equivalents2,4342,3554,3175,2914,6006,0685,2356,1445,8256,350
Total Debt7,7405,9985,1283,9024,4623,2633,2933,4582,3912,319
Net Cash / Debt-5,306-3,643-8111,3891382,8051,9422,6863,4344,031
Assets28,89827,50527,49427,89928,52730,06328,47829,37527,84825,833
Liabilities15,90113,61911,7249,9399,6648,4117,2677,8426,7196,407
Book Value12,90713,79215,69817,89318,78821,57921,16221,48621,07819,375
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Corning Incorporated
Country United States
Employees 49,500
CEO Wendell P. Weeks

Stock Information

Ticker Symbol GLW
Stock Exchange New York Stock Exchange
Sector Technology
Industry Electronic Components
Unique Identifier NYSE: GLW

Description

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. It also offers pharmaceutical glass tubing and packages. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.