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JOY

Joy Global Inc.

5/23/2013, 5:07 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 1:50 PM Joy Global (JOY -3.3%) slides today, making it one of the worst laggards in the S&P 500 after Barclay's cut the shares to EqualWeight and lowers its price target from $79 to $66. The bank says it's grown increasingly concerned about mining, and while JOY remains one of the higher-quality names in the space, mining-related austerity could be a more- prolonged headwind than previously thought. Comment! [On the Move]
Tuesday, May 21, 10:52 AM Joy Global (JOY) declares $0.175/share quarterly dividend, in line with previous. Forward yield 1.20%. For shareholders of record June 4. Payable June 18. Ex-div date May 31. (PR)
Comment! [Dividends]
Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Monday, April 22, 5:41 PM Caterpillar gained today because its weak Q1 report was no worse than expected, but there's little chance of a snapack in global metals and mining later in 2013, 24/7's Jon Ogg writes. Bottoming out may take much longer than expected now, he warns, and sector investors may see more volatility and timing pain than in the past. (also) Today: CAT +2.8%, FCX +1.1%, JOY +0.5%, DE +0.4%, X -0.6%. 1 Comment [Global & FX]
Monday, April 15, 11:34 AM Shares of Caterpillar (CAT -2.7%) and Joy Global (JOY -2.7%) take a hit from weak China GDP numbers for the January-March quarter. The economiy grew "just" 7.7% from a year earlier, less than forecasts calling for growth of 8%, while industrial production in April slowed to 8.9%, the weakest in more than a year. Comment! [Global & FX, On the Move]
Friday, April 12, 2:01 PM Shares of Joy Global (JOY -0.9%) fall for a second day in a row on a report by Anonymous Analytics yesterday that suggested fraud at Joy's IMM unit. William Blair thinks the impact may be overblown, saying that although the report was very detailed and credible, IMM accounts for less than 5% of JOY's earnings. The bigger issue for JOY and other industrial names like CAT are weak mining markets. 3 Comments [On the Move, Commodities]
Tuesday, March 26, 10:41 AM Susquehanna lowers CAT (CAT +0.5%) 2013 and 2014 EPS estimates to $7.45 from $8.00 and to $8.40 from $9.05 respectively. Analyst Ted Grace cites "conversations with clients" as well as meetings with CAT and competitors Joy Global JOY and Komatsu. (Earlier: CAT CEO comments on Europe) 2 Comments [Global & FX]
Thursday, March 14, 12:39 PM Joy Global (JOY -0.5%) announces President and CEO Michael Sutherlin plans to retire at the end of this year; Ted Doheny, currently President and COO of the Underground Mining Equipment division, is named as his successor. Comment! [Commodities]
Monday, March 4, 2:09 PM Caterpillar (CAT -2.2%) is the Dow's worst performer today amid renewed concerns about economic growth in China. As China looks to curb rising home prices, the likely result would be lower demand for basic materials. The impact is hitting heavy equipment manufacturers such as Joy Global (JOY -3.9%), diversified miners including Cliffs Natural Resources (CLF -6%), and steelmakers (SLX -2.2%). Comment! [Global & FX, On the Move]
Wednesday, February 27, 8:54 AM More on Joy Global (JOY -0.8%) FQ1: Net profit slips slightly to $142.14M. Operating profit +3%, operating margin 19.2% vs 18.8% a year earlier. Bookings -29% to $1B. Backlog slips to $2.4B from $2.6B at start of Q1. Sales: original equipment +3%, aftermarket -1%, helped by forex fluctuations. Underground mining machinery -8%, surface mining equipment +14%. Reiterates 2013 guidance. "While some regions have underperformed, we are seeing encouraging signs from the U.S. coal market," Joy says. Comment! [Earnings, Commodities]
Wednesday, February 27, 6:03 AM Joy Global (JOY): FQ1 EPS of $1.33 beats by $0.17. Revenue of $1.1B (+1% Y/Y) beats by $0.02B. (PR) 4 Comments [Earnings, Breaking News]
Wednesday, February 27, 12:05 AM Notable earnings before Wednesday’s open: AES, AFAM, AH, ARCC, CBB, CNP, DLTR, FIG, GLOG, ITT, JOY, NRG, PDCE, STWD, SWC, TGT, TJX, VPHM Comment! [Earnings]
Tuesday, February 26, 5:30 PM Notable earnings before Wednesday’s open: AES, AFAM, AH, ARCC, CBB, CNP, DLTR, FIG, GLOG, ITT, JOY, NRG, PDCE, STWD, SWC, TGT, TJX, VPHM Comment! [Earnings]
Wednesday, February 20, 9:41 AM Joy Global (JOY +2.4%) pulls back from earlier highs after Swedish engineering company Atlas Copco, which is rumored to be in talks to buy Joy, said a conference call for investors this afternoon is merely an update for bondholders and will provide no drama. Comment! [On the Move, M&A]
Wednesday, February 20, 7:41 AM Joy Global (JOY) takeover rumors surface again. This time the supposed buyer is Swedish conglomerate Atlas Copco. Shares +5.5% premarket. 6 Comments [M&A, On the Move]
Tuesday, February 19, 9:59 AM Joy Global (JOY +1.6%) shares pop at the open on renewed takeover chatter. GE-for-JOY rumors had heated up a few months ago, and they appear to have made a comeback. Comment! [Commodities, M&A, On the Move]

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