At the moment, the debt-to-equity of Corning Incorporated (NYSE:GLW) is high, standing at 32.67, a figure that is higher than the 18.79 average recorded by the industry. This means that the company is currently holding a debt level at 5.31 B. GLW shares have a strong debt-to-equity ratio but their quick ratio which reads 1.50 is strong and might cause problems for them later in the future.
Even though there was a rise of +15.38% in revenue, the company failed to succeed in outperforming the industry average of 9.19%. For the most recent quarter, the net income has jumped by +60.26%. This strength in their income has affected them and thus increased their earnings to $840.00 M. The 5.81% yoy growth of GLW’s revenue has gone up that of the industry average by -4.8%. For the past 12 months, Corning Incorporated revenue has gone up by 10.61%. The sustained growth in their revenue has helped boost their earnings per share.
Corning Incorporated (GLW) has seen their earnings per share increased to $0.67 during the last quarter in comparison to the same quarter last year. They have recorded a -14.13% declining earnings per share earnings. They have recorded a -14.13% declining earnings per share earnings. Analysts expect increase in earnings is also on the cards next quarter with an average estimate at $0.48.
The 12-month return on equity has significantly fallen to 13.83 in comparison to the same data for other companies in the same industry. This shows that there is a major weakness within the organization over the past one year. Comparing them to other companies in the industry and the overall Technology sector, the industry average is 5.26 while 14.15 is of the sector.
GLW total operating cash flow had jumped to $943 million compared to $715 million in the same quarter last year. Also, looking at the price to cash flow of the company and the industry average, the 7.88 ratio of the stock is lower than the industry’s 15.99.
Corning Incorporated (NYSE:GLW) has a price-to-earnings ratio of 13.68 which is lower than the 41.28 industry average at the moment. In addition to their unfavorable P/E ratio, Corning Incorporated has maintained a gross margin of 40.31. This shows whether the company has what it takes to effectively turn the revenue into profit.
The company’s ROA is 8.14 when compared to 2.97 for the stocks operating in the same industry. This can be attributed to the strength recorded in the net income produced by total assets. Comparing it to other companies in the sector, Corning Incorporated ROE is above 14.15 that of both the sector average.
The operating profit margin for Corning Incorporated (GLW) is 17.98%, a figure which is considered to be weak. It has gone -0.95 from the 16.44 over the past 5 years. In addition to this, their operating margin is 18.93 higher than the industry average.
The net profit margin which stood at 25.21 on average in the past 5 years has dropped to 24.16 in the last 12 months. Added to that, this ratio has surpassed the industry net margin that stands at 4.72.
Analysts meanwhile rate Corning Incorporated (NYSE:GLW) as a buy. Still some above discussed indicators of the $24.30B company show strength while others show weakness. There is little evidence at the moment to justify the expectation of the GLW shares to either perform positively or negatively when compared to other stocks. The primary strengths of Corning Incorporated can be witnessed in its increased revenue, growing earnings per share, higher return on equity, increased operating cash and high net margin. Subsequently, financial analysis have also identified some weak areas that includes high debt, relatively high P/E ratio, lower return on assets and low net margin.