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Corning Inc
(NYSE: GLW)
AdChoices
18.80
+0.12
+0.64%
After Hours :
18.85
+0.05
+0.27%

Open

18.71

Previous Close

18.68

Volume (Avg)

5.12M (7.95M)

Day's Range

18.50-18.83

52Wk Range

16.22-22.37

Market Cap.

24.12B

Dividend Rate (Yield )

0.40 (2.14%)

Beta

1.76

Shares Outstanding

1.29B

P/E Ratio (EPS)

20.04 (0.93)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
Industry Electronic Components
Highlights
Analyst Recommendation: Outperform
    • Revenue

    • 7.82B

    • Net Income

    • 1.96B

    • Market Cap.

    • 24.12B

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 14.77

    • PEG (Price/Earnings Growth) Ratio

    • 5.55

    • Beta

    • 1.76

    • Forward P/E

    • 11.66

    • Price/Sales

    • 2.96

    • Price/Book Value

    • 1.24

    • Price/Cash flow

    • 6.12

      • EBITDA

      • 3.60B

      • Return on Capital %

      • 4.46

      • Return on Equity %

      • 6.36

      • Return on Assets %

      • 4.46

      • Book Value/Share

      • 15.08

      • Shares Outstanding

      • 1.29B

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 0.10 (11/12/2014)

      • Dividend Declaration Date

      • 10/1/2014

      Analyst Recommendation
      10/21/2014
      Outperform
        • 1 Year Price Target

        • 21.35

        • Credit Rating

        • A-

        • Analysts

        • 7

        • EPS Estimate

        • 1.54

        • Cashflow Estimate

        • 1.98

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 25.20

          • 4.60

          • Net Income

            YTD/YTD (last year)

          • 13.50

          • 13.84

          • Net Income

            Q/Q (last year)

          • -73.50

          • -36.37

          • Sales (Revenue)

            5-Year Annual Average

          • 5.62

          • 9.70

          • Net Income

            5-Year Annual Average

          • -17.90

          • 0.25

          • Dividends

            5-Year Annual Average

          • 14.29

          • -6.36

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • 41.37

            • 35.56

            • Pre-Tax Margin

            • 22.04

            • 16.80

            • Net Profit Margin

            • 14.77

            • 12.12

            • Average Gross Margin

              5-Year Annual Average

            • 43.00

            • 35.16

            • Average Pre-Tax Margin

              5-Year Annual Average

            • 38.50

            • 19.59

            • Average Net Profit Margin

              5-Year Annual Average

            • 34.60

            • 110.88B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 0.17

              • 0.22

              • Current Ratio

              • 4.53

              • 2.70

              • Quick Ratio

              • 3.46

              • 1.89

              • Interest Coverage

              • 17.71

              • 15.69

              • Leverage Ratio

              • 1.53

              • 1.74

              • Book Value/Share

              • 15.08

              • 10.76

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 20.04

                • 22.32

                • P/E Ratio 5-Year High

                • 25.13

                • 708.86

                • P/E Ratio 5-Year Low

                • 11.39

                • 102.75

                • Price/Sales Ratio

                • 2.96

                • 1.32

                • Price/Book Value

                • 1.24

                • 1.89

                • Price/Cash Flow Ratio

                • 6.12

                • 9.62

                • Key Metrics

                • Company

                • Industry

                  • Return on Equity %

                    (5-Year Average)

                  • 6.36

                    (13.10)

                  • 10.21

                    (12.27)

                  • Return on Assets %

                    (5-Year Average)

                  • 4.46

                    (9.70)

                  • 6.14

                    (7.83)

                  • Return on Capital %

                    (5-Year Average)

                  • 5.81

                    (12.00)

                  • 8.20

                    (10.25)

                  • Income/Employee

                  • 42.73k

                  • 13.26k

                  • Inventory Turnover

                  • 3.94

                  • 4.58

                  • Asset Turnover

                  • 0.30

                  • 0.51

                  Current Historical
                  Financials
                  • Income Statement
                  • Balance Sheet
                  • Cash Flow
                  Operating Income
                  1.37B
                  Operating Margin
                  17.53
                  Total Equity
                  -
                  Retained Earnings
                  -
                  Free Cashflow
                  -
                  Price/Cashflow
                  6.12
                  Ownership

                  Institutional Ownership

                  79.06%

                  Top 10 Institutions

                  30.41%

                  Mutual Fund Ownership

                  38.63%

                  Float

                  99.83%

                  5% / Insider Ownership

                  0.31%

                  Corporate insiders or major stockholders reporting trading activity in the stock.

                  Top Mutual Fund Owners

                  Top Institutional Owners

                  Mutual Fund Name

                  Institution Name

                  • Mutual Fund Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • Dodge & Cox Stock Fund

                  •  

                    34,269,300

                  • -1.03

                  • 2.65

                  • Loomis Sayles Strategic Income Fund

                  •  

                    32,000,000

                  • 0.00

                  • 2.48

                  • Vanguard Total Stock Mkt Idx

                  •  

                    21,250,382

                  • -0.04

                  • 1.65

                  • Loomis Sayles Investment Grade Bond

                  •  

                    17,550,000

                  • 0.00

                  • 1.36

                  • Vanguard Windsor™ II Fund

                  •  

                    14,086,500

                  • -4.79

                  • 1.09

                  • Vanguard Five Hundred Index Fund

                  •  

                    13,403,057

                  • -1.10

                  • 1.04

                  • Vanguard Institutional Index Fund

                  •  

                    13,078,845

                  • -2.38

                  • 1.01

                  • SPDR® S&P 500 ETF

                  •  

                    13,018,058

                  • 1.41

                  • 0.97

                  • T. Rowe Price Equity Income Fund

                  •  

                    12,778,786

                  • -14.81

                  • 0.99

                  • Vanguard Capital Opportunity Fund

                  •  

                    8,080,000

                  • 0.00

                  • 0.63

                  • Institution Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • Vanguard Group, Inc.

                  •  

                    66,744,734

                  • -3.66%

                  • 5.17

                  • Dodge & Cox

                  •  

                    57,842,418

                  • -0.27%

                  • 4.48

                  • State Street Corp

                  •  

                    55,948,066

                  • -2.81%

                  • 4.34

                  • Loomis Sayles & Company L.P.

                  •  

                    54,269,800

                  • 0.00%

                  • 4.21

                  • BlackRock Fund Advisors

                  •  

                    41,279,707

                  • -1.37%

                  • 3.20

                  • Hotchkis & Wiley Capital Management LLC

                  •  

                    30,447,082

                  • -8.97%

                  • 2.36

                  • Invesco Advisers, Inc

                  •  

                    26,169,879

                  • -7.27%

                  • 2.03

                  • T. Rowe Price Associates, Inc.

                  •  

                    21,710,453

                  • -13.92%

                  • 1.68

                  • PRIMECAP Management Company

                  •  

                    19,825,950

                  • -0.79%

                  • 1.54

                  • State Farm Mutual Automobile Ins CO

                  •  

                    18,026,300

                  • 0.00%

                  • 1.40

                  Company Profile

                  Sector

                  Technology

                  Industry

                  Electronic Components

                  Type

                  Cyclical

                  Style

                  Large Core

                  Corning Inc was incorporated in the State of New York in December 1936. The Company’s name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. The Company is a provider of high-performance glass for LCD te...morelevisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates in five reportable business segments: Display Technologies, Optical Com...moremunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies manufacture liquid crystal display glass for flat panel displays. Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Environmental Technologies manufactures ceramic substrates and filters for automotive and diesel applications. Specialty Materials manufacture products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences manufacture glass and plastic consumables for scientific applications. All other operating segments that do not meet the quantitative threshold for separate reporting have been grouped as 'All other.' This group includes development projects and new product lines, certain corporate investments, Samsung Corning Precision's non-LCD business, and Corning's Eurokera and Keraglass equity ventures with Saint Gobain Vitrage S.A. of France, which manufactures smooth cooktop glass/ceramic products in France, China, and South Carolina. Its production of specialty glasses, ceramics, and related materials requires energy, uninterrupted power sources, certain precious metals, and different batch materials. Many of Corning's manufacturing processes could be operated with natural gas, propane, oil or electricity, or a combination of these energy sources. The Company's trademarks include the following: Corning, Celcor, DuraTrap, Epic, Evolant, HPFS, Lanscape, Pyrex, ClearCurve, SMF-28e, and Gorilla. The Company faces competition from; Asahi Glass, Nippon Electric Glass, Avan Strate, Inc., NGK, Denso, CommScope, TE Connectivity, Panduit Corporation, Transitions Optical, Oerlikon, Hoya and Heraeus. The Company's manufacturing process generates chemical waste, waste water and other industrial waste and greenhouse gases at different stages in the manufacturing process, and it is subject to a variety of laws and regulations relating to the use, storage, discharge and disposal of such substances.lessless

                  Key People

                  Wendell P. Weeks

                  CEO/Chairman of the Board/Director/President

                  James B. Flaws

                  CFO/Director/Vice Chairman of the Board

                  Kirk P. Gregg

                  Executive VP/Chief Administrative Officer

                  Lawrence D. Mcrae

                  Executive VP, Divisional

                  Dr. David L. Morse

                  Chief Technology Officer/Executive VP

                  • Corning Inc

                  • One Riverfront Plaza

                  • Corning, NY 14831

                  • USA.Map

                  • Phone: +1 607 974-9000

                  • Fax: +1 607 974-5927

                  • corning.com

                  Incorporated

                  1936

                  Employees

                  30,400

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