Corning Incorporated (GLW) – A Trader’s Perspective

Pambianchi Christine M, Exec. VP, People and Digital, subtracted 194,960 shares of Corning Incorporated (GLW) from its portfolio at the rate of $31.84 per share valuing $6,207,643 on Jun 18. The insider left behind 58,036 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Corning Incorporated (GLW) was $32.55. Currently, the 1st Resistance Point for this stock is $32.77, with a 2nd Resistance Point sitting at $32.98. Meanwhile, this company’s stock has a 1st Support Level at $32.36 and a 2nd Support Level at $32.16. Corning Incorporated (GLW) stock has lost -$1.20, or -3.56%, in the past five days. In the last full month, these shares have gained $1.59, or 5.14%. In the past three months, this stock’s price has fallen by -$2.05, or -5.92%. This year-to-date, Corning Incorporated (GLW) shares have gained $2.34, or 7.75%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Corning Incorporated (GLW) stock, 40% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 25% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 67% of long-term indicators suggest that this stock is a “ Sell .”

With 784,754 K shares outstanding, this company currently has a market capitalization of $25,543,744K. Corning Incorporated (GLW) generates $11,290 M in annual sales, amounting to annual net income of $1,066 M. This stock has generated a 1-Year Total Return of 15.18%, a 3-Year Total Return of 52.46%, and a 5-year Total Return of 49.11%. This stock’s 5-Year Dividend Growth is 84.62%, with its most recent dividend valued at $0.200 per share on 05/30/19. Its Annual Dividend Yield is 2.46%, and its Annual Dividend Rate is 0.80.

In the most recently-reported fiscal quarter, which ended in Mar-19, Corning Incorporated (GLW) reported earnings of $0.40 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.39 per share, representing a 0.01 difference and 1.42% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.59 represented a 0.02 difference from the consensus estimate calling for $0.57 per share, which was a 3.40% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.44 per share. This estimate came from a total of 6 Wall Street Analysts. Of those market experts, the high estimate was $0.46 and the low estimate was $0.42. In the year-ago quarter, Corning Incorporated (GLW) generated per-share earnings of $0.38. If the analysts are correct about the current quarter’s earnings, the growth will be +15.79% .

Turning our focus now to insider trading activity, there have been 35 purchases (495,750 shares in total) and 16 sale (340,612 shares in total) in the last 3 months. In the last 6 months, there have been 46 insider buys amounting to 824,517 shares and 20 insider sales amounting to 669,379 shares. In the past full year, 88 insider purchases were made (involving 1,325,558 shares) and 49 insider sell-offs equivalent to 1,191,735 shares.

Moving onto liquidity, Corning Incorporated (GLW) has a Current Ratio of 2.12, a Quick Ratio of 1.51 and a Cash Ratio of 0.74. Looking at this company’s capital structure, its Total Debt to Total Equity is 43.49, its Total Debt to Total Capital is 30.31, and its Total Debt to Total Assets is now 21.81. Looking even further ahead into the future, its Long-Term Debt to Equity is 52.16 and its Long-Term Debt to Total Capital is 30.29.