$0.40 EPS Expected for Corning Incorporated (GLW)

July 17, 2017 - By reb123z

 $0.40 EPS Expected for Corning Incorporated (GLW)
Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.01, from 0.75 in 2016Q3. It fall, 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.
Daiwa Securities Grp Inc owns 148,600 shares. Finance Counselors has invested 0.22% of its portfolio in Corning Incorporated (NYSE:GLW). Principal Fincl holds 0.04% or 1.32M shares in its portfolio. Valicenti Advisory Services Inc holds 209,895 shares. Valueworks Ltd Liability Corporation owns 286,350 shares for 5.47% of their portfolio. Advantus Mngmt Incorporated owns 95,615 shares. Oppenheimer & Close Ltd Liability accumulated 345,492 shares. Whitnell And invested 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). Suntrust Banks invested 0.21% in Corning Incorporated (NYSE:GLW). Manchester Mngmt Ltd Com holds 3,306 shares. John G Ullman Assoc reported 4.56% of its portfolio in Corning Incorporated (NYSE:GLW). Holowesko Prtn owns 2.54 million shares. Blair William Co Il reported 158,944 shares stake. Bonness Enterprises accumulated 58,000 shares. Lba Wealth Management Limited Liability Corporation has invested 0.04% in Corning Incorporated (NYSE:GLW).

Since January 24, 2017, it had 0 insider purchases, and 28 insider sales for $39.44 million activity. 5,422 Corning Incorporated (NYSE:GLW) shares with value of $158,064 were sold by Schlesinger Edward A. 23,236 shares were sold by Musser Eric S, worth $676,656. Tripeny R Tony had sold 49,001 shares worth $1.42 million. The insider ROGUS MARK S sold $480,989. Clappin James P had sold 64,500 shares worth $1.78 million. $4.30M worth of Corning Incorporated (NYSE:GLW) was sold by WEEKS WENDELL P on Thursday, March 2. Kinlin Clark S had sold 76,798 shares worth $2.05 million.

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 4.36 million 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. The rating was initiated by Guggenheim on Wednesday, January 4 with “Buy”. The rating was downgraded by Bernstein to “Mkt Perform” on Wednesday, February 1. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, November 2 report. The stock of Corning Incorporated (NYSE:GLW) has “Neutral” rating given on Friday, March 31 by Citigroup. The rating was maintained by Deutsche Bank on Wednesday, October 26 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17. The company was upgraded on Tuesday, April 12 by Goldman Sachs. Jefferies maintained it with “Hold” rating and $27.5000 target in Tuesday, May 30 report. The firm has “Neutral” rating given on Wednesday, October 28 by UBS. Drexel Hamilton downgraded Corning Incorporated (NYSE:GLW) on Friday, June 10 to “Sell” rating.

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: Fool.com which released: “Why the Best Is Yet to Come for Corning Incorporated” on June 29, 2017, also Seekingalpha.com published article titled: “The Future Growth Portfolio: Corning Inc.”, Fool.com published: “Better Buy: Corning Incorporated vs. Apple” on June 23, 2017. More interesting news about Corning Incorporated (NYSE:GLW) was released by: Fool.com and their article: “Better Buy: Corning Incorporated vs. Universal Display” with publication date: June 21, 2017.

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