Joy Global has a one-year low of $8.35 and a 52 week high of $28.55 and has a market capitalization of $0.0. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. The firm’s revenue was down 26.0% compared to the same quarter previous year. The company said higher usage of coal to generate electricity amid higher natural gas prices recently, as well as a rise in temperatures in the US, helped domestic coal markets some during the latest period. (NYSE:JOY) has set to release EPS of $0.16 as per the sentiments of 19 analysts, however according to 19 analysts, the company expected to release $0.47 EPS for next year.
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-Revenue Change (Y-o-Y): -26.0%.
Joy Global Inc. (NYSE:JOY)’s price to sales ratio for trailing twelve month stands at 0.97, whereas its price to book ratio for most recent quarter sits at 1.93. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the company.
07/21/2016 – Joy Global Inc. was upgraded to “hold” by analysts at BB&T Capital Markets.
Joy Global’s (JOY) stock rating was cut to “neutral” from “outperform” at Baird on Friday morning.
Further, the company announced that its board of directors has declared a quarterly dividend in the amount of $0.01 per share to be paid on October 3, 2016 to shareholders of record on September 19.
Moving ahead, the company indicated that the recent hike in some commodity prices is positive. Its market value was $2.66 billion at that price.
Joy Global Inc.is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The company expects another $5 million in charges during the fourth quarter as it reduces staffing levels and optimizes its manufacturing footprint.
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“Over the past quarter, the global mining equipment capital spending outlook has worsened with the current projection for 2017 now reflecting a year-over-year decline in spending approaching 10%”. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. Its equipment is used in mining regions to mine coal, copper, iron ore, oil sands, gold, and other minerals and ores.
