Joy Global Inc

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  • uploads///caterpillar earnings per share
    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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    Company & Industry Overviews

    Caterpillar Has a New Friend in the Auction Business

    Ritchie Bros. (RBA) entered into a strategic agreement with Caterpillar (CAT) to become its preferred auctioneer for used Caterpillar equipment.

    By Shannon Black
  • uploads///Pre JOY Q AR
    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
  • uploads///Pre JOY Q PE
    Earnings Report

    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.

    By Jessica Stephans
  • uploads///Pre JOY Q Dividend
    Basic 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
  • uploads///Pre JOY Q Debt Maturities
    Basic 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
  • uploads///Pre JOY Point two questions
    Earnings Report

    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.

    By Jessica Stephans
  • uploads///aqusition benefits
    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
  • uploads///Point  deal
    Basic 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
  • uploads///Pre JOY Q Stock Price
    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
  • uploads///Pre JOY Q Revenues
    Earnings Report

    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.

    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
  • uploads///part
    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
  • uploads///analyst recommendations
    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
  • uploads///joy revenues trend
    Basic 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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    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
  • uploads///aqusition benefits
    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
  • uploads///chart  joy sold out
    Basic 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
  • uploads///cf
    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
  • uploads///post Q segmental
    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
  • uploads///joy dividend q
    Earnings Report

    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).

    By Jessica Stephans
  • uploads///joy stock preformanceee
    Earnings Report

    How Has Joy Global’s Stock Fared ahead of Fiscal 2Q16 Earnings?

    In fiscal 2015, Joy Global’s product sales slumped to 26% of total revenue, while service sales accounted for 74% of total revenue.

    By Jessica Stephans
  • uploads///Q JOY EPS
    Earnings Report

    What Do Analysts Expect from Joy Global’s Fiscal 2Q16 Earnings?

    Joy Global’s (JOY) fiscal 2Q16 EPS (earnings per share) estimate is ~-$0.01. In fiscal 1Q16, JOY’s EPS came in at -$0.23, which was below the Market’s expectation of -$0.12.

    By Jessica Stephans
  • uploads///Q JOY Revenues
    Earnings Report

    Can Joy Global Beat Analysts’ Revenue Estimates for Fiscal 2Q16?

    Joy Global (JOY) will release its fiscal 2Q16 earnings on June 2, 2016. The estimate for fiscal 2Q16 revenue is ~$605.6 million.

    By Jessica Stephans
  • uploads///ann rev growth
    Company & Industry Overviews

    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.

    By Jessica Stephans
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    Company & Industry Overviews

    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.

    By Jessica Stephans
  • uploads///annu surface
    Company & Industry Overviews

    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.

    By Jessica Stephans
  • uploads///joy underground equioment
    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
  • uploads///mining future
    Company & Industry Overviews

    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.

    By Jessica Stephans
  • uploads///joy china
    Company & Industry Overviews

    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.

    By Jessica Stephans
  • uploads///joy chart
    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
  • uploads///jjj
    Earnings Report

    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.

    By Jessica Stephans
  • uploads///china cccc
    Earnings Report

    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.

    By Jessica Stephans
  • uploads///Chart
    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
  • uploads///Chart
    Macroeconomic Analysis

    Materials Sector Falls with China’s Industrial Profits

    The materials sector, represented by the Materials Select Sector SPDR ETF (XLB), fell 0.7% on December 28. This followed a fall in Chinese industrial profits in November 2015 for the sixth straight time.

    By Renee Blakely
  • uploads///Chart
    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
  • uploads///Chart
    Macroeconomic Analysis

    Windstream Holdings Emerges among SPY’s Top Stocks

    SPY’s top stocks on December 16, 2015, were First Solar, Windstream Holdings, and Joy Global. They rose 9.7%, 6.2%, and 6.1%, respectively, on the day.

    By Renee Blakely
  • uploads///Cahrt
    Macroeconomic Analysis

    Why Have Joy Global and Cummins Sunk to the Bottom of SPY?

    Joy Global and Cummins plunged -13.2% and -7.9%, respectively, on December 1. Bank of America analysts downgraded JOY from “neutral” to “underperform.”

    By Renee Blakely
  • uploads///Performances of ATI and JOY
    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
  • uploads///Market Reaction on FOMC Minutes September
    Macroeconomic Analysis

    How Did Markets React to the FOMC’s September 2015 Minutes?

    Stocks read the September 2015 minutes of the FOMC, the rate-setting committee of the Federal Reserve, as dovish.

    By David Ashworth
  • uploads///Avon versus Estee Lauder
    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
  • uploads///Performances of Oil Bonds Gold and the US Dollar versus SPY
    Macroeconomic Analysis

    US Market Started Humble and Rose after the FOMC Minutes

    On October 8, the US stock market was mostly flat before the FOMC’s minutes were released. The stock market rose after the minutes were released.

    By Renee Blakely
  • uploads///Performance of SPYs Component Sectors
    Macroeconomic Analysis

    Analyzing the Strong Rally across All of SPY’s Sectors

    On September 15, 2015, there was a strong rally in all nine of the sectors tracked by the S&P 500 Index (SPY). The industrial sector led SPY with a rise of 1.74%.

    By Renee Blakely
  • uploads///SPY Versus Oil and Volatility
    Macroeconomic Analysis

    SPY Rose by 1.25% as Volatility Fell on September 15

    The SPDR S&P 500 ETF (SPY) rose 1.25% on Tuesday, September 15 ahead of the Fed’s meeting on September 16–17, 2015.

    By Renee Blakely
  • uploads///Sector Performances of SPYs Component Sectors
    Macroeconomic Analysis

    Healthcare Sector Falls 0.71%, Other SPY Component Sectors Rise

    The SPY has been rising subtly after its humble start on September 1. The rising US dollar reflects the growing strength of the US economy.

    By Renee Blakely
  • uploads///Sector Performances of SPYs Component Sectors
    Macroeconomic Analysis

    US Market Goes into the Red on China’s Weak Manufacturing Data

    The energy sector, which was rallying over the surge in oil prices, suddenly got hit by China’s report on the state of its manufacturing.

    By Renee Blakely
  • uploads///Cranes_overview
    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
  • Fund Managers

    Manitowoc enhances shareholder value with capital investment

    During the third quarter, Manitowoc’s cash from continuing operations was $59.9 million versus $116.1 million in the prior-year quarter.

    By Diana Key
  • uploads///Cranes
    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
  • uploads///Reserves
    Consumer

    Must-know: India’s coal industry

    At the end of 2013, India’s coal sector was 60.6 billion tons. India has the fifth largest coal reserves in the world. However, India’s coal quality is low. It has a high ash content. The majority of India’s coal reserves are located in the eastern states. Southern India has the most lignite reserves in the country.

    By Mike Sonnenberg
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