Corning (GLW) EPS Estimated At $0.47; Argan (AGX) SI Increased By 23.32%

January 14, 2018 - By Linda Rogers

Argan Incorporated (NYSE:AGX) had an increase of 23.32% in short interest. AGX’s SI was 997,500 shares in January as released by FINRA. Its up 23.32% from 808,900 shares previously. With 174,600 avg volume, 6 days are for Argan Incorporated (NYSE:AGX)’s short sellers to cover AGX’s short positions. The stock decreased 1.29% or $0.6 during the last trading session, reaching $45.75. About 215,132 shares traded. Argan, Inc. (NYSE:AGX) has risen 101.20% since January 14, 2017 and is uptrending. It has outperformed by 84.50% the S&P500.

Analysts expect Corning Incorporated (NYSE:GLW) to report $0.47 EPS on January, 23.They anticipate $0.03 EPS change or 6.00% from last quarter’s $0.5 EPS. GLW’s profit would be $408.46 million giving it 18.44 P/E if the $0.47 EPS is correct. After having $0.43 EPS previously, Corning Incorporated’s analysts see 9.30% EPS growth. The stock increased 2.67% or $0.9 during the last trading session, reaching $34.66. About 6.59M shares traded or 23.76% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 14, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company has market cap of $711.35 million. The companyÂ’s Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, start-up, and operation services for approximately 76 facilities with approximately 14,500 megawatts of power-generating capacity. It has a 8.51 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.

Among 3 analysts covering Argan (NYSE:AGX), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Argan had 4 analyst reports since October 16, 2015 according to SRatingsIntel. Avondale downgraded Argan, Inc. (NYSE:AGX) on Thursday, December 8 to “Mkt Perform” rating. On Friday, October 16 the stock rating was initiated by Wm Smith with “Not Rated”. Lake Street initiated the shares of AGX in report on Thursday, June 9 with “Buy” rating. The firm earned “Hold” rating on Thursday, December 7 by Lake Street.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. It dived, as 64 investors sold Corning Incorporated shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Fred Alger Mgmt reported 1,312 shares. Eqis Management accumulated 40,464 shares. Wells Fargo & Communication Mn reported 4.27M shares. Bessemer invested in 0% or 17,979 shares. Ent Services accumulated 633 shares. Nbt Retail Bank N A New York has 0.12% invested in Corning Incorporated (NYSE:GLW). Lafayette Invs Inc accumulated 171,215 shares or 1.91% of the stock. American Natl Registered Investment Advisor holds 0.17% or 11,618 shares in its portfolio. Balasa Dinverno & Foltz Limited Liability Company owns 11,775 shares for 0.05% of their portfolio. State Street owns 0.1% invested in Corning Incorporated (NYSE:GLW) for 39.38 million shares. Citigroup owns 1.69 million shares. First Midwest Retail Bank Trust Division holds 0.06% of its portfolio in Corning Incorporated (NYSE:GLW) for 15,121 shares. Duncker Streett And Co holds 6,000 shares or 0.05% of its portfolio. Hanseatic Mngmt Service has 9,842 shares. Mitsubishi Ufj Tru & Banking has invested 0.11% in Corning Incorporated (NYSE:GLW).

Since August 24, 2017, it had 0 insider buys, and 7 insider sales for $12.68 million activity. Shares for $942,619 were sold by Pambianchi Christine M on Tuesday, August 29. Another trade for 46,763 shares valued at $1.33 million was made by Kinlin Clark S on Thursday, August 24. TOOKES HANSEL E II sold $205,778 worth of stock. Musser Eric S sold $945,178 worth of stock. $7.81M worth of Corning Incorporated (NYSE:GLW) was sold by WEEKS WENDELL P on Tuesday, October 31. 48,125 Corning Incorporated (NYSE:GLW) shares with value of $1.38 million were sold by McRae Lawrence D. On Thursday, December 14 RIEMAN DEBORAH sold $66,979 worth of Corning Incorporated (NYSE:GLW) or 2,083 shares.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $30.12 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It has a 14.49 P/E ratio. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

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