Equity Financial Holdings (EQI) Analysts See $0.19 EPS; Shapiro Capital Management Cut Its Corning (GLW) Holding

July 18, 2017 - By Henry Gaston

Analysts expect Equity Financial Holdings Inc (TSE:EQI) to report $0.19 EPS on August, 10.T_EQI’s profit would be $1.81M giving it 9.74 P/E if the $0.19 EPS is correct. After having $0.13 EPS previously, Equity Financial Holdings Inc’s analysts see 46.15% EPS growth. It closed at $7.4 lastly. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Shapiro Capital Management Llc decreased Corning Inc. (GLW) stake by 14.05% reported in 2016Q4 SEC filing. Shapiro Capital Management Llc sold 525,723 shares as Corning Inc. (GLW)’s stock rose 5.06%. The Shapiro Capital Management Llc holds 3.22 million shares with $78.03M value, down from 3.74M last quarter. Corning Inc. now has $29.05 billion valuation. The stock increased 0.77% or $0.24 during the last trading session, reaching $31.32. About 4,700 shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since July 18, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on July, 26 before the open. They expect $0.40 earnings per share, up 8.11% or $0.03 from last year’s $0.37 per share. GLW’s profit will be $371.01 million for 19.58 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Since January 24, 2017, it had 0 insider buys, and 28 insider sales for $39.44 million activity. 5,422 shares were sold by Schlesinger Edward A, worth $158,064 on Tuesday, May 9. 500 shares valued at $13,785 were sold by Morse David L on Monday, February 27. Musser Eric S had sold 37,242 shares worth $991,773. 30,000 shares valued at $870,000 were sold by STEVERSON LEWIS A on Friday, May 19. Curran Martin J also sold $962,348 worth of Corning Incorporated (NYSE:GLW) on Friday, January 27. Tripeny R Tony sold 49,001 shares worth $1.42M. WEEKS WENDELL P sold $4.30M worth of stock or 153,500 shares.

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.01, from 0.75 in 2016Q3. It dived, as 44 investors sold GLW shares while 345 reduced holdings. 99 funds opened positions while 190 raised stakes. 664.60 million shares or 5.71% less from 704.83 million shares in 2016Q3 were reported. Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma holds 370,094 shares or 0.2% of its portfolio. Denali Advsrs Limited Liability Corp stated it has 0.93% in Corning Incorporated (NYSE:GLW). Seaward Limited Partnership owns 24,050 shares or 0.03% of their US portfolio. The Germany-based Dekabank Deutsche Girozentrale has invested 0.08% in Corning Incorporated (NYSE:GLW). Smithfield Trust holds 1,310 shares or 0.01% of its portfolio. 20,500 are held by Mitchell Sinkler & Starr Pa. Gamco Investors Et Al accumulated 0.09% or 577,496 shares. Heartland Advsrs invested in 357,129 shares or 0.48% of the stock. Magnetar Financial Llc holds 0.02% or 46,197 shares in its portfolio. Aqr Cap Mgmt Limited Liability Co holds 0.13% or 3.97 million shares. Lafayette Invests reported 1.52% of its portfolio in Corning Incorporated (NYSE:GLW). Afam Cap accumulated 366,097 shares. Hanson Mcclain reported 0% in Corning Incorporated (NYSE:GLW). Ibm Retirement Fund invested in 0.1% or 90,737 shares. New York-based Independent Investors Inc has invested 0.29% in Corning Incorporated (NYSE:GLW).

Among 17 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. Corning Incorporated had 31 analyst reports since July 30, 2015 according to SRatingsIntel. Citigroup upgraded Corning Incorporated (NYSE:GLW) on Monday, April 3 to “Neutral” rating. The firm has “Neutral” rating by UBS given on Wednesday, October 28. Deutsche Bank maintained it with “Buy” rating and $26 target in Wednesday, October 26 report. The firm has “Mkt Perform” rating by Bernstein given on Wednesday, February 1. The stock of Corning Incorporated (NYSE:GLW) has “Outperform” rating given on Wednesday, October 28 by RBC Capital Markets. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, September 29 report. The stock of Corning Incorporated (NYSE:GLW) earned “Sell” rating by Drexel Hamilton on Friday, June 10. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, April 12 report. Goldman Sachs maintained the shares of GLW in report on Wednesday, November 2 with “Buy” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, April 13.

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