News Review: Corning Inc. (NYSE:GLW), CEMEX, S.A.B. de C.V. (NYSE:CX)

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Corning Inc. (NYSE:GLW)

The company announced its last quarter financial performance results on 10/25/2016. Corning Inc. (NYSE:GLW) belongs to Computer and Technology sector that surged 0.25% in value when last trading session closed at $24.3. The company has a market capitalization of $23.42 Billion. The company’s stock has a Return on Assets (ROA) of 7.8 percent, a Return on Equity (ROE) of 13.9 percent and Return on Investment (ROI) of 5.6 percent. The company reached its 52-Week high of $25.35 on Dec 8, 2016 and 52-Week low of $16.13 on Jan 20, 2016.

Earnings per share (ttm) for Corning Inc. (NYSE:GLW) according to Finviz Data is $1.9.

The growth estimate for Corning Inc. (NYSE:GLW) for the current quarter is 29.4 percent. The projected growth estimate for the next quarter is 28.6 percent. The company’s stock has grown by 1.37 percent in the past 5 years. For the next 5 years, the company is expected to grow by 16.92 percent.

This company was Initiated by Citigroup on 20-Jun-16  to Buy.

The 16 analysts offering 12-month price forecasts for Corning have a median target of 24.00, with a high estimate of 28.00 and a low estimate of 14.50. The median estimate represents a -1.23% decrease from the last price of 24.30.

Financial History:

Following Earnings result, share price were DOWN 15 times out of last 27 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 75% percent of times. It has met expectations  3  times and missed earnings  0 times.

The consensus recommendation for Corning Inc. (NYSE:GLW) is 3.27. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation 30 days ago for this company stood at 3.27. In comparison, the consensus recommendation 60 days ago was at 3.27, and 90 days ago was at 3.3 respectively.

Future Expectations:

When the current quarter ends, Wall Street expects Corning Inc. to have earnings per share of $0.44.

Revenue is expected to range from 2.44 Billion to 2.53 Billion with an average of 2.5 Billion.

Company Profile:

Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world’s economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets.  (Company Press Release)

CEMEX, S.A.B. de C.V. (NYSE:CX):

CEMEX, S.A.B. de C.V. (NYSE:CX) belongs to Construction sector closed its last session with a loss of -2.44 percent and closed its previous trading session at $7.99. According to Finviz reported data, the stock currently has Earnings per Share (EPS) (ttm) of $0.38. The company has the Market capitalization of $11.34 Billion. The company’s stock has a Return on Assets (ROA) of 2.2 percent, a Return on Equity (ROE) of 8.1 percent and Return on Investment (ROI) of 5.2 percent. The company reached its 52-Week high of $9.35 on Nov 8, 2016 and 52-Week low of $3.5 on Jan 20, 2016.

The growth estimate for CEMEX, S.A.B. de C.V. (NYSE:CX) for the current quarter is 28.6 percent. The projected growth estimate for the next quarter is 33.3 percent. The company’s stock has grown by -53.14 percent in the past 5 years. For the next 5 years, the company is expected to grow by 123.07 percent.

This company was Upgrade by HSBC Securities on 14-Nov-16 to Buy.

The 19 analysts offering 12-month price forecasts for Cemex SAB de CV have a median target of 9.10, with a high estimate of 12.00 and a low estimate of 7.80. The median estimate represents a +13.89% increase from the last price of 7.99.

Financial History:

Following Earnings result, share price were DOWN 7 times out of last 11 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 50% percent of times. It has met expectations  0 times and missed earnings  5  times.

The consensus recommendation for CEMEX, S.A.B. de C.V. (NYSE:CX) is 2. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation 30 days ago for this company stood at 2. In comparison, the consensus recommendation 60 days ago was at 1.75, and 90 days ago was at 1.75 respectively.

Future Expectations:

When the current quarter ends, Wall Street expects CEMEX, S.A.B. de C.V. to have earnings per share of $0.09.

Revenue is expected to range from 3.42 Billion to 3.45 Billion with an average of 3.43 Billion.

Company Profile:

CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production,      distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker.