More From Jessica Stephans
A Look at Joy Global’s Surface Mining Segment
During 2015, Joy Global’s (JOY) Surface Mining segment contributed 46% to the company’s total revenues. Its operating margin stood at 11.5% in 2015.
Inside Icahn’s Largest Contributor to Revenues in 2Q16
In 2Q16 Icahn Enterprises’ Automotive segment was the largest contributor to overall revenue, fetching 60% of the total, with an EBITDA margin of 8.8%.
Is ROP’s Medical Device Segment the Biggest in Healthcare?
Going forward, both research and development and sales and supply chain strategies will play crucial roles for Roper Technologies (ROP) and its peers.
What Keeps Helping Lincoln Electric’s Impressive Return on Capital?
In 1Q16, despite a 16% decline in revenue and a 22% YoY decline in adjusted profits, Lincoln Electric has successfully given $125 million to shareholders.
Which of FLS’s Segments Outperformed in Terms of Orders in 2Q16?
Slow growth and a volatile macroeconomic environment are ongoing concerns for the flow control equipment industry as well as for Flowserve (FLS).
Why General Electric Aspires to be a Global Technology Leader in Energy Management
General Electric aspires to be a global technology leader in the transmission, distribution, and conversion of electrical power.
Why Lincoln Electric’s Revenues and Profits Declined in 2015
Lincoln Electric’s 2015 revenues have declined by 16% to $2.5 billion when compared to $2.8 billion in 2014.
How Has Lincoln Electric’s Stock Fared ahead of Its 1Q16 Earnings?
Lincoln Electric’s (LECO) stock has been in a downward trend since March 2015. This can be attributed to the softness in demand and weakness in the oil and gas sector and US export markets.
General Electric’s Mission, Vision, and Strategy
General Electric’s strategy is to reshape its portfolio from a broad conglomerate to a more focused industrial leader.
What Were the Key Highlights for Joy Global in 4Q15?
Joy Global expects global growth to improve modestly in calendar 2016. However, commodity prices aren’t expected to see any material improvement.
How the US Real Estate Market Affected IEP’s Real Estate Revenue
Icahn Enterprises (IEP) owns 100% outstanding stock of AREP Real Estate Holdings through Icahn Enterprises Holdings (IEH).
Understanding Icahn Enterprises’ Operations
Icahn Enterprises’ segments invest in businesses that they believe to be undervalued. The company has strong financial muscle to park its permanent capital.
The Alstom Acquisition—Largest in General Electric’s History?
Alstom’s acquisition closed 18 months after the announcement, and thus it did not contribute to General Electric’s 4Q15 revenue and earnings.
Inside the Analyst Ratings for Ingersoll Rand after the 2Q Results
Of the 23 analysts surveyed by Bloomberg, 15 gave Ingersoll Rand “buy” ratings, whereas nine gave “hold” ratings, and none gave “sell” ratings.
Advantages Joy Global Sees as a Leading Mining Equipment Player
The mining industry is undergoing a transformation toward automation. In simple terms, this means the removal of human labor from the mining process.
Behind Ingersoll Rand’s Outstanding 1Q16
Ingersoll Rand’s 1Q16 earnings boosted its shares to $67.48 in early trading, but the stock closed at $65.39 on April 26—2.5% lower than the opening price.
How Has Roper Technologies’ Stock Fared ahead of Its 2Q16 Earnings?
Roper Technologies’ stock has declined since July 2015, after touching a high of $195.93 per share on November 30, 2015.
How Is Flowserve Trading Compared to Peers?
Shares of Flowserve (FLS) currently trade at a PE (price-to-earnings) value of 17.04x. This isn’t cheap compared to FLS’s peers.
What’s the Market Expecting from General Electric in 2Q16?
General Electric (GE) will release its 2Q16 earnings on July 22. The estimate for its 2Q16 revenue is ~$23.5 billion, which is 18.2% less than its 2Q15 revenue.
Overview of General Electric’s Power and Water Segment
General Electric’s Power and Water Segment contributed 23% of the company’s total revenues in 2015.
Why Analysts Expect Joy Global’s EPS to Increase in Fiscal 3Q16
Joy Global’s fiscal 3Q16 EPS estimate is ~$0.11 per share. The company witnessed EPS of -$0.12 and -$0.01 in fiscal 1Q16 and fiscal 2Q16, respectively.
Will IEP Maintain Its Record of Delivering Superior Returns?
Icahn Enterprises’ (IEP) stock price corrected by 33% from April 20, 2015, to April 20, 2016. On April 15, 2016, the company was trading at $61.3.
Analyst Forecasts for Ingersoll Rand in 2016
For 2016, analysts expect Ingersoll Rand (IR) to report revenue of ~$13.5 billion, which would be ~1.5% higher than its revenue of $13.3 billion in 2015.
Sluggish Mining Industry Impacts JOY’s Revenues and Profits
JOY’s Underground and Surface segments contributed 54% and 46%, respectively, to the company’s consolidated revenue in 2015.
Will Weak Macro Environment Affect General Electric in 1Q16?
General Electric (GE) will release its 1Q16 earnings on April 22, 2016. The estimate for 1Q16 revenue is $28 billion, which is 5% lower than $33.8 billion in 1Q15.
Does the Komatsu Deal Change How Analysts Rate Joy Global?
Of 19 analysts surveyed by Bloomberg, five gave Joy Global a “buy” rating, while 11 gave a “hold” rating, three gave “sell” ratings.
Behind Flowserve’s Surge despite Weak 1Q16 Earnings
Decent 1Q16 revenues sent Flowserve’s shares to a high of $49.52 in early trading. The stock closed at $48.81, 2.9% higher than its opening price of $47.42.
Graphical Representation of General Electric’s Business Model
General Electric’s industrials and finance services are its two broader divisions, contributing 91% and 9%, respectively, to its consolidated 2015 earnings.
The Word on the Street: What Analysts Are Recommending for Joy Global Now
Of the 17 analysts surveyed by Bloomberg, only five issued “buy” recommendations for Joy Global, while 11 issued “holds,” and one issued a “sell.”
Joy Global’s Position in the Surface Mining Equipment Industry
The surface mining equipment industry held an approximate 37% share in the overall mining equipment market in 2014.
Why the Sudden Jump in General Electric’s Debt-to-Equity Ratio?
As of September 30, 2015, General Electric’s industrial plus verticals had a much cleaner balance sheet than consolidated GE in 3Q15.
What Sets General Electric Apart from Its Peers?
General Electric has had a presence in the S&P 500 (SPY) for more than two decades, which clearly illustrates its survival among competitors.
A Look at Icahn Investment’s Significant Holdings
Icahn has a long history of investing in both public equity and debt securities. Its strategy is to invest in companies that it believes to be undervalued.
Details Emerging about Komatsu’s Acquisition of Joy Global
Joy Global’s stock rose by 19.7% from the opening price of $23.5 and closed at $28.2 on July 21, after Komatsu announced that it will acquire the company.
How Economic Cyclicality Affects the Global Mining Industry
Joy Global (JOY) is one of the major companies in the mining equipment industry. The company’s revenue fell by 25% in 2014, and it fell by 16% in 2015.
How Much Weight Did Flowserve’s Largest Segment Pull in 2015?
In 2015, Flowserve’s Engineered Product division contributed ~48.5% to the company’s total consolidated revenue.
Did FLS Realize Savings through Its Realignment Program in 2Q16?
In 2Q16, Flowserve (FLS) realized cost savings of ~$27 million through its realignment program.
How Komatsu Benefits from Acquiring Joy Global
From its acquisition of Joy Global, Komatsu expects to double the size of its manufacturing equipment business and to strengthen its core mining business.
Icahn’s Railcar Segment among Top 6 Players in North America
In the railcar market, Icahn Enterprises (IEP) conducts business through its majority-owned interest in American Railcar Industries (ARII) and American Railcar Leasing (ARL).
Why Joy Global Surged despite Mounting Losses in 1Q16
Joy Global’s management is proud that even during difficult economic conditions, it was successful in aggressively reducing costs. The company’s management also controlled its capital expenditure and its trade working capital.
Icahn’s Tropicana Entertainment: The Gaming Company
Icahn Enterprises (IEP) owns 68% of the outstanding stock of Tropicana Entertainment through Icahn Enterprises Holding LP (IEH).
What Risks Does Icahn Enterprises Face?
Global growth is of the utmost importance to Icahn Enterprises. Its revenue streams are diverse and are affected by weak macroeconomic environments.
Exploring the Radio Frequency Technology Industry
The last couple of decades have seen unprecedented growth in innovative and improved radio frequency technologies, leading to rises in speed and accuracy.
Why Icahn’s Railcar Segment Is a High-Margin Business
In fiscal 2015, Icahn Enterprises’ (IEP) Railcar segment contributed approximately 6% to the company’s total revenue and 42% to its operating margin.
Gauging General Electric’s Appliance Segment
General Electric recently announced that its appliance and lighting division would be sold to Haier.
What Analysts Expect of Flowserve in 2016
For 2016, analysts expect Flowserve (FLS) to report revenues of ~$3.9 billion, which would be ~14% lower than its $4.5 billion in 2015.
Why General Electric Sold Its Appliances Business to Haier
General Electric wants to shift away from the appliances business, as this segment doesn’t fit into its core business portfolio.
Why Mining for Profits Proved Ineffective for Joy Global
Mining equipment supply and services to US coal mining companies accounted for 76% of Joy Global’s US revenue.
Where Does Joy Global’s Valuation Stand among Other Mining Equipment Majors?
Joy Global’s shares are currently trading at a PE ratio of 40.1x, which is expensive next to the industrial sector peer average of 16.5x.
Understanding the Rise of Joy Global’s Stock ahead of Its Fiscal 3Q16 Earnings
Joy Global’s (JOY) stock has been on a downward trend since January 2015, when the stock started falling due to the oversupply in commodities markets.
How Joy Global Is Trying to Stop Bleeding Revenues
Joy Global’s (JOY) fiscal 1Q16 revenues came in at $526 million, which represents a 25% decline over fiscal 1Q15.
Icahn’s Automotive Segment: Acquisitions Led Growth
Icahn’s automotive segment includes Federal-Mogul and IEH Auto Parts. FDML is a global supplier of a broad range of components, accessories, and systems.
Inside Joy Global’s Fiscal 2Q16 Revenue Drop across Segments
Joy Global’s (JOY) fiscal 2Q16 revenues came in at $602 million, which was below the analyst estimate of $606 million.
More about Roper Technologies’ Industrial Technology Segment
Roper Technologies’ (ROP) Industrial Technology segment has long lead times and provides highly engineered custom-configured products.
How Big Is Komatsu in the Construction and Mining Equipment Space?
Komatsu is the largest manufacturer of construction and mining equipment in Japan. Its the second-largest globally, after US-based Caterpillar (CAT).
Lincoln Electric’s Position in Global Welding and Cutting Industry
The global welding product market is expected to grow at a CAGR of 4.5% until 2020. The market is expected to touch $23.8 billion by the end of 2020.
What Were Ingersoll Rand’s Key Highlights for 4Q15?
Ingersoll Rand’s (IR) 4Q15 revenues came in at $3.33 billion, compared to analyst estimates of $3.30 billion. Revenues stood at $3.2 billion in 3Q14.
Why Do Analysts Expect Flowserve’s EPS to Fall in 1Q16?
Flowserve’s (FLS) 1Q16 EPS estimate is $0.42. That’s 27% lower than its 1Q15 EPS of $0.58. The first quarter is usually subdued for FLS, so analysts’ estimates are usually lower.
How Much Will Komatsu Pay Joy Global’s Shareholders?
Komatsu, Japan-based construction equipment maker, will pay $28.30 per share in cash to acquire Milwaukee-based Joy Global. The deal is worth ~$3.7 billion.
Did Joy Global Pay Dividends to Shareholders in Fiscal 2Q16?
Over the last two years, JOY has repurchased 9.8 million shares worth $533 million. However, the company hasn’t repurchased shares during the last two quarters (fiscal 1Q16 and 2Q16).
Understanding Joy Global’s Dividend Policy in Fiscal 3Q16
In fiscal 2015, JOY paid around $78 million in dividends to shareholders, but on December 16, 2015, JOY announced a cut in its quarterly dividend.
What Does Joy Global’s Fiscal 2016 Debt Obligation Tell Us?
As of April 29, 2016, Joy Global’s had more than $1.3 billion in debt (long-term debt plus short-term debt), compared to its equity of nearly $1.4 billion.
Behind Joy Global’s Latest SEC Filing: Key Highlights
If the proposed merger with Komatsu is completed, JOY’s common stock will be delisted from the NYSE. JOY expects the merger to be completed in mid-2017.
What Do Analysts Recommend for Icahn Enterprises after Its 2Q16 Results?
Of the two analysts surveyed by Bloomberg, one gave Icahn Enterprises a “buy” rating. The other gave a “hold.” They have given IEP a price target of $56.5.
What Does Icahn Enterprises’ NAV Indicate?
At the end of 2Q16, IEP’s market value of subsidiaries was $4.4 billion ($5.6 billion at the end of 1Q16). The value of unlisted companies was $4.6 billion.
How Icahn’s Investment Segment Has Dampened Company Performance in 2Q16
In 2Q16, Icahn Enterprises’ Investment segment was the largest drag on revenues, contributing 7% to total revenues, with an operating loss of $306 million.
Why Was Icahn Enterprises’ Stock Down after 2Q16 Earnings?
On August 4, 2016, Icahn Enterprises announced its 2Q16 results, sending its shares down by 4.1% from the opening price of $55.60 to $53.31 that day.
What Do Analysts Recommend for Flowserve after Its 2Q16 Results?
Of the 20 analysts surveyed by Bloomberg, three gave Flowserve “buy” ratings, 15 gave it “hold” ratings, and two gave it “sell” ratings.
Why Flowserve Reduced Its Earnings Guidance after 2Q16
For 2016, analysts expect Flowserve (FLS) to report revenue of ~$4.0 billion, ~10% lower than its 2015 revenue of $4.5 billion.
What Do Analysts Recommend for General Electric after 2Q16?
Barclays gave an “overweight” rating to General Electric’s (GE) stock, with a target price of $34 on July 22. The target price implies a potential rise of 6.0% over July 22’s closing price of $32.06 per share.
A Glance at Flowserve’s Primary Working Capital after 2Q16
In the current volatile global scenario, Flowserve’s (FLS) 2Q16 revenue and net profit have risen by 11% and 28%, respectively, year-over-year.
Alstom’s Contribution to General Electric’s 2Q16 Earnings
General Electric (GE) expects Alstom’s expertise will be handy in gaining an edge in combined cycle gas plants, which typically employ gas turbines as well as steam turbines.
The Impact of the General Electric Appliances–Haier Deal
General Electric’s (GE) Appliances & Lighting business generated 5.8% of GE’s revenues in 2Q16 but accounted for only 2.3% of profit.
Why Flowserve’s 2Q16 Results Disappointed Wall Street
Flowserve announced its 2Q16 results after market hours on July 28, 2016. Lower-than-expected 2Q16 earnings sent its shares down to $47.18 in early trading.
Why Ingersoll Rand’s Net Debt Decreased in 2Q16
In 2Q16, Ingersoll Rand’s debt and net debt decreased by 9% and 18%, respectively, over 1Q16.
Did Ingersoll Rand Up Its Free Cash Flow Target for 2016 after Its 2Q Results?
In the current volatile global scenario, Ingersoll Rand’s (IR) 2Q16 revenues and net profit have increased by 2.0% and 15%, respectively.
How Did GE Capital Fare in 2Q16?
GECC (General Electric Capital Corporation) reported $2.3 billion in revenues in 2Q16 compared to $2.4 billion in 2Q15.
Oil & Gas Segment Continued to Hurt General Electric in 2Q16
General Electric (GE) has legitimate concerns about its Oil & Gas segment due to lower oil equipment sales. In 1Q16, the company lowered guidance for the segment for 2016.
GE in 2Q16: Power, Aviation, and Healthcare Segments Outperformed
General Electric’s (GE) 2Q16 revenues came in at $33.4 billion, compared to analysts’ estimate of $31.8 billion.
Lincoln Electric’s 2Q16 Operating Cash Flows: Why the Increase?
In 2Q16, Lincoln Electric’s (LECO) cash from operations stood at $100.9 million, an increase of 30.6% compared to $77.2 million in 2Q15.
Oil and Gas Industry Haunts Roper Technologies’ 2Q16 Revenue
Roper Technologies’ (ROP) 2Q16 revenue was $934 million, nearly 2.1% below Market consensus of $954 million.
Why Roper Technologies Fell Short of Market Expectations in 2Q16
Roper Technologies (ROP) announced its 2Q16 results on July 25, 2016, before Market hours. The company missed its earnings forecasts for 2Q16, sending ROP shares downward.
Why Lincoln Electric Deconsolidated Its Venezuela Subsidiary
According to Lincoln Electric (LECO), conditions in Venezuela prompted the deconsolidation of the Venezuela subsidiary from its financial statements as of June 30, 2016.
Lower Volumes Still Impacted Lincoln Electric’s Revenues in 2Q16
Lincoln Electric’s (LECO) 2Q16 revenue for 2Q16 was $592.4 million, nearly 0.5% above Market consensus of $589.7 million.
Why Carl Icahn Wants a 100% Stake in Federal-Mogul Holdings
Icahn Enterprises (IEP) has been invested in auto parts maker Federal-Mogul Holdings (FDML) for almost a decade. Carl Icahn currently owns 82% of the company.
How Has Icahn Enterprises’ Stock Fared ahead of 2Q16 Earnings?
Icahn Enterprises’ (IEP) stock fell 14.4% from April 1 to July 19, 2016. On July 20, the stock was trading at $54.0.
Can Icahn Enterprises Beat Wall Street’s Expectations for 2Q16?
Icahn Enterprises (IEP) is scheduled to release its 2Q16 earnings on August 4, 2016. Icahn Enterprises’ 1Q16 revenue stood at $3.1 billion, nearly 26.6% below the market consensus of $4.3 billion.
What Do Analysts Recommend for FLS ahead of Its 2Q16 Earnings?
Of the 21 analysts surveyed by Bloomberg, three gave Flowserve (FLS) “buy” ratings, 15 gave it “hold” ratings, and three gave it “sell” ratings.
A Look at Ingersoll Rand Stock ahead of 2Q16 Earnings
Ingersoll Rand (IR) stock has risen 3.8% from April 1–July 8, 2016. As of July 8, 2016, the stock was trading at $65.74.
What Does the Market Expect for Roper Technologies’ 2Q16 Revenues?
The Wall Street analyst estimate for Roper’s 2Q16 revenue is ~$954 million, which is 5.3% higher than in 2Q15.
How Will Brexit Affect Flowserve?
Brent crude oil (USO) fell by nearly 5% to $48.4 per barrel on June 24, 2016. The fall happened after the results of the Brexit vote were announced.
What Analysts Are Recommending for GE before Its 2Q16 Results
General Electric (GE) has a Wall Street analyst consensus rating of “buy.” Of the 20 analysts surveyed by Bloomberg, 11 gave the company “buy” ratings.
A Glance at GE’s Balance Sheet: Debt Profile and Liquidity
At first glance, one might wonder about the sudden rise in General Electric’s (GE) Industrial plus Verticals debt-to-equity in the last two quarters.
What Do Analysts Recommend for Lincoln Electric before 2Q16 Earnings?
Lincoln Electric (LECO) has a Wall Street analyst consensus rating of “hold.” Of 15 analysts surveyed by Bloomberg, five gave the company a “buy” rating, ten gave a “hold” rating, and there were no “sell” ratings.
General Electric’s Q1 Results and What You Can Expect for Q2
General Electric’s (GE) stock price has fallen 5.3% since April 1 as of June 24. On June 24, the company’s stock was trading at $29.82.
How Did Lincoln Electric’s Stock Fare ahead of Its 2Q16 Earnings?
For over 120 years, Lincoln Electric (LECO) has designed and manufactured welding and cutting products. It has a global position in the brazing and soldering alloy market.
Can Lincoln Electric Increase Its Dividend Payouts in Fiscal 2016?
For fiscal 2016, Lincoln Electric is targeting $400 million of share repurchases while $399 million was achieved in fiscal 2015.
ROP’s Second-Largest Segment: Radio Frequency Technology
In 2015, ROP’s Radio Frequency Technology segment contributed ~28.9% to its total consolidated revenue and ~30.4% to its consolidated operating profit
How Big Is General Electric’s Capital Segment?
GE Capital is the financial services unit of the American conglomerate General Electric (GE). It contributed ~9% to GE’s total consolidated revenue in 2015.
Why GE’s Lending Arm Had a ‘Systemically Important’ Label
Following the 2008 financial crisis, General Electric’s (GE) financial services business had substantial exposure to wholesale funding and underwriting.