Corning (GLW) Receives Daily News Sentiment Score of 0.17

Media coverage about Corning (NYSE:GLW) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corning earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 46.0986728697891 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Corning (GLW) opened at 31.51 on Friday. The stock has a market capitalization of $28.46 billion, a PE ratio of 14.07 and a beta of 1.38. The stock has a 50 day moving average price of $29.87 and a 200 day moving average price of $29.40. Corning has a 12 month low of $22.23 and a 12 month high of $32.31.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 24th. The electronics maker reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Corning had a return on equity of 11.53% and a net margin of 24.98%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the firm earned $0.42 EPS. Corning’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Corning will post $1.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.62 dividend on an annualized basis and a yield of 1.97%. Corning’s dividend payout ratio is currently 26.38%.

A number of brokerages have commented on GLW. Vetr raised Corning from a “buy” rating to a “strong-buy” rating and set a $33.69 price objective for the company in a research note on Tuesday, July 4th. BidaskClub raised Corning from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Drexel Hamilton reissued a “sell” rating and issued a $17.50 price objective on shares of Corning in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Corning in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $35.00 price objective on shares of Corning in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.28.

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In other Corning news, Director Hansel E. Tookes II sold 6,513 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $31.60, for a total transaction of $205,810.80. Following the sale, the director now directly owns 88,946 shares of the company’s stock, valued at $2,810,693.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clark S. Kinlin sold 46,763 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $28.53, for a total value of $1,334,148.39. Following the sale, the insider now directly owns 72,039 shares in the company, valued at $2,055,272.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,350 shares of company stock worth $4,804,486. 0.59% of the stock is owned by insiders.

Corning Company Profile

Corning Incorporated is engaged in manufacturing specialty glass and ceramics. Its segments include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays (LCDs).

Insider Buying and Selling by Quarter for Corning (NYSE:GLW)

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