Stock Updates

A look at a High Market Cap Stock: Corning Inc., GLW

Corning Inc., GLW is in the exchange NYSE and its industry is Diversified Electronics in the sector of Technology. Based in USA, Corning Inc., GLW  has a market cap of 23996.94. Since its IPO date on the 12/31/1981, Corning Inc., GLW performance year to date is 25.71%. Today Corning Inc., GLW has gained 0.53%, with a current price of 22.78.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 77.10%. The management of the company have seen the company have a payout ratio of 25.10%. Return of assets are at 7.50%, with return on investment at 5.60%.

In terms of debt levels and profit levels, Corning Inc., GLW is seeing a long-term debt/equity of 0.23. While Total debt/equity is 0.24. With a profit margin of 24.40%, this is combined with a gross margin of 38.90%, and operating margin of 10.10%. Corning Inc. ability to meet debt levels, with a current ratio of 4.4, while the quick ratio is 3.8.

For the last year Corning Inc., GLW has seen a EPS growth of -42.40%. A performance for the year of 45.88%. The 52-week high is -1.51%, and the 52-week low is 47.95%. The average volume for Corning Inc., GLW is 3889469.

With a target price of 21.54, can Corning Inc., GLW reach this target? Looking at the value indicators of Corning Inc., GLW. Corning Inc. has a P/E of 12.44 and a forward P/E of 14.01. Perhaps the more useful indicator than P/E, is PEG which has a value of 0.83. Corning Inc. also has a P/S and a P/B of 2.69 and 1.39 respectively. For P/cash, Corning Inc. has a value of *TBA, while it is 81.9 for P/free cash flow.

At the current price of 22.78, Corning Inc. has a dividend yield of 2.38%. We see a return on equity of 13.00%.

Looking more long-term Corning Inc., is projected to get an EPS growth for the next five years of 15.00%. In the short-term an EPS growth of 13.79% in the next year is forecasted. This is after a EPS growth of -42.40% for this year and for the last five years a -15.00% growth has been seen.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Stephen Butters

Leave a Comment