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Last $39.16 USD
Change Today -0.81 / -2.03%
Volume 1.4M
JOY On Other Exchanges
Symbol
Exchange
JOY is not on other exchanges.
As of 8:04 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

joy global inc (JOY) Snapshot

Open
$39.83
Previous Close
$39.97
Day High
$40.45
Day Low
$39.05
52 Week High
07/16/14 - $65.36
52 Week Low
03/11/15 - $37.77
Market Cap
3.8B
Average Volume 10 Days
1.6M
EPS TTM
$3.15
Shares Outstanding
97.4M
EX-Date
03/2/15
P/E TM
12.4x
Dividend
$0.80
Dividend Yield
2.04%
Current Stock Chart for JOY GLOBAL INC (JOY)

joy global inc (JOY) Related Businessweek News

No Related Businessweek News Found

joy global inc (JOY) Details

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars. This segment also provides equipment assemblies, services, repairs, rebuilds, parts, enhancement kits, and training. The Surface Mining Equipment segment produces blasthole drills, conveyor systems, electric mining shovels, feeder breakers, high angle conveyors, walking draglines, and wheel loaders. This segment also provides equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, enhancement kits, and training. In addition, the company offers life cycle management support services and project management services, as well as smart services, including equipment monitoring, predictive diagnostics, service training support, and parts management for underground and surface applications. The company sells its products and services directly to mining companies through a network of sales and marketing personnel worldwide. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.

15,400 Employees
Last Reported Date: 12/19/14
Founded in 1884

joy global inc (JOY) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $939.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $553.4K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $835.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $475.3K
Executive Vice President of Human Resources
Total Annual Compensation: $355.9K
Compensation as of Fiscal Year 2014.

joy global inc (JOY) Key Developments

Joy Global Mulls Acquisitions

Joy Global, Inc. (NYSE:JOY) is looking for acquisitions. Ted Doheny, President and Chief Executive Officer of Joy Global, Inc. said, "We manage our cash going forward and to- if we think about a bolt-on acquisition, that's why I'm using that frame, in that $100 million to $200 million range, that we think we could definitely manage that with our cash generation at the company."

Joy Global, Inc. Presents at Bank of America Merrill Lynch Global Industrials and EU Autos Conference, Mar-17-2015 10:35 AM

Joy Global, Inc. Presents at Bank of America Merrill Lynch Global Industrials and EU Autos Conference, Mar-17-2015 10:35 AM. Venue: Bank of America Merrill Lynch Financial Centre, London, United Kingdom. Speakers: Ted Doheny, President and Chief Executive Officer.

Joy Global, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 30, 2015; Revises Earnings Guidance for the Full Year of 2015

Joy Global, Inc. announced unaudited consolidated earnings results for the first quarter ended January 30, 2015. For the quarter, the company reported net sales of $703,873,000 against $839,312,000 a year ago. Operating income was $48,706,000 against $85,245,000 a year ago. Income before income taxes was $35,749,000 against $71,425,000 a year ago. Net income was $23,594,000 against $48,861,000 a year ago. Basic and diluted earnings per share were $0.24 against $0.48 a year ago. Net cash used in operating activities was $18,355,000 against net cash provided by operating activities of $64,906,000 a year ago. Property, plant, and equipment acquired were $22,258,000 against $26,655,000 a year ago. Current quarter net sales were reduced by $17 million from the impact of foreign currency exchange movements versus the year ago period. The decrease in operating profit, before restructuring charges in both periods, was due to lower sales volumes and unfavorable product mix partially offset by savings from the company's cost reduction programs and lower incentive based compensation expense. Adjusted net income was $24.6 million or $0.25 per diluted share against $50.0 million or $0.49 per diluted share a year ago. The decrease in cash from continuing operations during the first quarter versus the year ago period was primarily due to lower earnings and reduced cash generation from trade working capital. The result of the slower macro-economic environment and incremental commodity pricing challenges that emerged in the quarter is a reduction in full year 2015 guidance. The company now expects revenues to be between $3.3 billion and $3.6 billion with earnings per fully diluted share, excluding restructuring and unusual items, to be in the range of $2.50 to $3.00. This compares to previously announced guidance for the full year 2015 of revenues between $3.6 billion to $3.8 billion and earnings per fully diluted share, excluding restructuring and unusual items, of $3.10 to $3.50. As is typical for the company, the company expects earnings and cash generation will be greater in the second half of the fiscal year. The company continues to expect its effective tax rate for the year, excluding discrete items, to be in the range of 32% to 33%. The company expects cash from operations for the year, excluding pension contributions, which are expected to be around $15 million, to be in the range of 10% to 15% of sales. With regard to phasing across the year, the company expects approximately 30% of its earnings will come in the first half and most all of the projected cash from operations in the second half of the year. The company now expects full year capital expenditures to be at the lower end of its previous guidance range of $100 million to $125 million.

 

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Industry Analysis

JOY

Industry Average

Valuation JOY Industry Range
Price/Earnings 13.0x
Price/Sales 1.1x
Price/Book 1.4x
Price/Cash Flow 12.7x
TEV/Sales 0.7x
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