Joy Global Inc

Latest Joy Global Inc News and Updates

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    Financials

    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.

    By Jessica Stephans
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    Earnings Report

    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.”

    By Jessica Stephans
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    Materials

    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.

    By Jessica Stephans
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    Industrials

    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.

    By Jessica Stephans
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    Industrials

    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.

    By Jessica Stephans
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    Earnings Report

    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.

    By Jessica Stephans
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    Materials

    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.

    By Jessica Stephans
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    Earnings Report

    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.

    By Jessica Stephans
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    Earnings Report

    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).

    By Jessica Stephans
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    Materials

    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.

    By Jessica Stephans
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    Earnings Report

    Caterpillar’s 3Q16 Earnings Bring ‘Inflection’ Back into Focus

    Caterpillar, the world’s largest manufacturer of construction and mining equipment, will declare its 3Q16 earnings before the market opens on October 25.

    By Shannon Black
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    Materials

    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.

    By Jessica Stephans
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    Materials

    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.

    By Jessica Stephans
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    Company & Industry Overviews

    More Losses? Caterpillar Puts Part of Its Mining Business on Sale

    Caterpillar logged four consecutive quarters of operating losses in the Resource Industries segment—it houses the mining equipment business.

    By Shannon Black
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    Earnings Report

    How Consolidation in the Mining Industry Impacts Caterpillar

    Caterpillar’s (CAT) sales in the Resource Industries segment, which houses the Mining Equipment business, fell by 29% year-over-year in 2Q16 to $1.4 billion.

    By Shannon Black
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    Earnings Report

    Did Joy Global’s Operating Cash Flow Really Improve in Fiscal 2Q16?

    Despite the operating loss of $9.8 million it saw in fiscal 2Q16, Joy Global reported cash generation from continuing operations totaling $44 million.

    By Jessica Stephans
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    Company & Industry Overviews

    What Is the Market Outlook for Underground Mining Equipment?

    The global underground mining industry is expected to grow at a compound annual growth rate of approximately 7% from 2015 to 2019.

    By Jessica Stephans
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    Company & Industry Overviews

    A Quick Look at Joy Global’s History and Operations

    Joy Global operates in two business segments, namely its Underground Mining Machinery and Surface Mining Equipment segments.

    By Jessica Stephans
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    Macroeconomic Analysis

    US Markets Were Turbulent, SPY’s Major Sectors Fell by 2.4%

    The SPDR S&P 500 ETF (SPY) and the Direxion Daily S&P500 Bull 3X ETF (SPXL) fell by 2.4% and 7.1%, respectively, on Thursday, January 7, 2016.

    By Renee Blakely
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    Macroeconomic Analysis

    Moving Average Analysis of the Industrial Sector

    The stocks hardly traded at prices that crossed their moving average values. The only exception was Fastenal. It traded at $40.08.

    By Renee Blakely
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    Macroeconomic Analysis

    Stocks Fall with Release of Dallas Fed and New Home Sales Reports

    October 26 saw the release of two important economic indicators, namely, the results of the Dallas Fed manufacturing survey and the new home sales report.

    By Renee Blakely
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    Macroeconomic Analysis

    Avon Products Led SPY by 14%

    SPY’s top stocks were Avon Products (AVP), Denbury Resources (DNR), and Joy Global (JOY). These stocks rose by 14%, 12.2%, and 8.4% on October 8.

    By Renee Blakely
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    Miscellaneous

    Why Manitowoc’s crane business is so volatile

    Manitowoc’s crane business is one of the world’s largest providers of lifting equipment for the global construction industry.

    By Diana Key
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    Fund Managers

    Why the outlook for Manitowoc’s crane segment remains weak

    For 3Q14, net sales in Manitowoc’s crane segment were $569.2 million, 6.7% down compared to $610.2 million in the third quarter of 2013.

    By Diana Key
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