Joy Global Company Profile (NYSE:JOY)

About Joy Global

Joy Global logoJoy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of metals and minerals. The Company manufactures and markets original equipment and parts, and performs services for both underground and surface mining, as well as certain industrial applications. It operates in two business segments: Underground Mining Machinery (Underground) and Surface Mining Equipment (Surface). The Company is a producer of underground mining machinery for the extraction of coal, potash, salt, platinum and other bedded materials. It is also a producer of surface mining equipment for the extraction and haulage of copper, coal and other minerals and ores. The Company produces electric mining shovels, and also produces blasthole drills, walking draglines and wheel loaders for open-pit mining operations. The Company's equipment is used in mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Farm & Construction Machinery
  • Sub-Industry: Construction & Farm Machinery & Heavy Trucks
  • Exchange: NYSE
  • Symbol: JOY
  • CUSIP: 48116510
Key Metrics:
  • Previous Close: $28.17
  • 50 Day Moving Average: $28.13
  • 200 Day Moving Average: $27.87
  • 52-Week Range: $11.15 - $28.55
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 39.68
  • P/E Growth: -2.16
  • Market Cap: $2.78B
  • Outstanding Shares: 98,748,000
  • Beta: 1.85
  • Net Margins: -2.46%
  • Return on Equity: 0.94%
  • Return on Assets: 0.37%
  • Debt-to-Equity Ratio: 0.70%
  • Current Ratio: 2.45%
  • Quick Ratio: 1.40%
Additional Links:
Companies Related to Joy Global:

Analyst Ratings

Consensus Ratings for Joy Global (NYSE:JOY) (?)
Ratings Breakdown: 1 Sell Rating, 16 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $21.10 (25.10% downside)

Analysts' Ratings History for Joy Global (NYSE:JOY)
DateFirmActionRatingPrice TargetDetails
12/27/2016Axiom SecuritiesReiterated RatingSellView Rating Details
10/19/2016MacquarieDowngradeOutperform -> NeutralView Rating Details
10/19/2016William BlairDowngradeOutperform -> Market PerformView Rating Details
10/19/2016CL KingDowngradeBuy -> NeutralView Rating Details
9/20/2016BMO Capital MarketsReiterated RatingHold$28.00View Rating Details
9/2/2016Robert W. BairdDowngradeOutperform -> Neutral$26.00 -> $28.00View Rating Details
7/22/2016FBR & CoReiterated RatingBuyView Rating Details
7/22/2016Avondale PartnersDowngradeOutperform -> Market PerformView Rating Details
7/21/2016Barclays PLCDowngradeOverweight -> Equal WeightView Rating Details
7/21/2016BB&T CorporationUpgradeUnderweight -> HoldView Rating Details
7/15/2016Jefferies Group LLCBoost Price TargetHold$19.00 -> $22.00View Rating Details
6/6/2016Bank of America CorpReiterated RatingHold$22.00 -> $24.00View Rating Details
6/4/2016Citigroup Inc.Reiterated RatingHoldView Rating Details
6/3/2016Morgan StanleyBoost Price TargetEqual Weight$13.00 -> $14.00View Rating Details
5/9/2016Forward ViewUpgradeSell -> HoldView Rating Details
4/25/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$13.00 -> $24.00View Rating Details
3/5/2016Royal Bank Of CanadaReiterated RatingHoldView Rating Details
3/2/2016J P Morgan Chase & CoReiterated RatingNeutralView Rating Details
12/17/2015Susquehanna Bancshares IncLower Price TargetNeutral$20.00 -> $13.00View Rating Details
12/17/2015Raymond James Financial, Inc.Lower Price TargetMarket Perform$23.00 -> $13.00View Rating Details
9/6/2015Deutsche Bank AGReiterated RatingHoldView Rating Details
8/14/2015Canaccord GenuityReiterated RatingBuyView Rating Details
7/28/2015ScotiabankDowngradeSell$21.00View Rating Details
7/2/2015Wolfe ResearchReiterated RatingMarket Perform$26.00View Rating Details
5/28/2015Longbow ResearchReiterated RatingHoldView Rating Details
3/6/2015Brean CapitalReiterated RatingHoldView Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Joy Global (NYSE:JOY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/14/2016Q4 2016$0.17$0.17$656.00 millionViewN/AView Earnings Details
9/1/2016Q316$0.12$0.10$587.00 millionViewN/AView Earnings Details
6/2/2016Q216($0.01)$0.09$605.64 million$602.00 millionViewN/AView Earnings Details
3/3/2016Q116($0.12)($0.23)$531.91 million$526.30 millionViewListenView Earnings Details
12/16/2015Q415$0.42$0.43$791.14 million$865.60 millionViewListenView Earnings Details
9/3/2015Q315$0.62$0.54$798.17 million$792.00 millionViewListenView Earnings Details
6/4/2015Q215$0.58$0.59$815.24 million$810.00 millionViewListenView Earnings Details
3/5/2015Q115$0.38$0.25$753.75 million$704.00 millionViewN/AView Earnings Details
12/17/2014Q414$1.15$1.38$1.13 billionViewN/AView Earnings Details
9/4/2014Q314$0.84$0.80$934.25 million$876.00 millionViewN/AView Earnings Details
6/5/2014Q214$0.71$0.76$933.02 million$930.00 millionViewN/AView Earnings Details
3/6/2014Q114$0.64$0.49$835.38 million$839.00 millionViewN/AView Earnings Details
12/11/2013Q413$1.11$0.25$1.12 billion$1.18 billionViewListenView Earnings Details
8/28/2013Q3 2013$1.36$1.70$1.18 billion$1.32 billionViewN/AView Earnings Details
5/30/2013Q2 2013$1.58$1.73$1.28 billion$1.36 billionViewN/AView Earnings Details
2/27/2013Q1 2013$1.14$1.31$1.08 billion$1.15 billionViewN/AView Earnings Details
8/29/2012Q312$1.88$1.82$1.43 billion$1.39 billionViewN/AView Earnings Details
5/31/2012$1.96$2.04ViewN/AView Earnings Details
2/29/2012$1.35$1.33ViewN/AView Earnings Details
12/14/2011$1.87$1.90ViewN/AView Earnings Details
8/31/2011$1.54$1.61ViewN/AView Earnings Details
6/2/2011$1.35$1.52ViewN/AView Earnings Details
3/2/2011$1.07$0.96ViewN/AView Earnings Details
12/15/2010$1.16$1.39$922.84 million$1.05 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Joy Global (NYSE:JOY)
Current Year EPS Consensus Estimate: $0.43 EPS
Next Year EPS Consensus Estimate: $0.71 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166($0.20)($0.01)($0.07)
Q2 20168($0.04)$0.10$0.04
Q3 20168$0.10$0.31$0.19
Q4 20168$0.14$0.25$0.18
Q1 20173($0.15)$0.05($0.08)
Q2 20174$0.10$0.20$0.14
Q3 20173$0.13$0.28$0.19
Q4 20173$0.19$0.39$0.28
(Data provided by Zacks Investment Research)


Current Dividend Information for Joy Global (NYSE:JOY)
Annual Dividend:$0.04
Dividend Yield:0.14%
Dividend Growth:-61.50% (3 Year Average)
Payout Ratio:-6.67% (Based on Trailing 12 Months of Earnings)
9.30% (Based on Current Year Consensus EPS Estimate)
5.63% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Joy Global (NYSE:JOY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Joy Global (NYSE:JOY)
Insider Ownership Percentage: 0.99%
Institutional Ownership Percentage: 81.45%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/30/2016Edward L Doheny IIInsiderSell408,022$28.01$11,428,696.22View SEC Filing  
12/29/2016Peter B SaldittInsiderSell50,000$28.02$1,401,000.00View SEC Filing  
12/28/2016John M KoetzInsiderSell35,165$28.04$986,026.60View SEC Filing  
12/27/2016Douglas E BlomInsiderSell938$28.05$26,310.90View SEC Filing  
12/21/2016Matthew S KulasaVPSell580$28.01$16,245.80View SEC Filing  
12/21/2016Sean D MajorEVPSell41,586$28.01$1,164,823.86View SEC Filing  
12/19/2016Johannes S MaritzEVPSell26,894$28.06$754,645.64View SEC Filing  
12/15/2016James M SullivanCFOSell138,099$28.05$3,873,676.95View SEC Filing  
1/6/2016Edward L Doheny IICEOBuy10,000$11.20$112,000.00View SEC Filing  
9/28/2015Paul Eric SiegertDirectorBuy25,000$14.79$369,750.00View SEC Filing  
9/16/2015Mark Joseph GliebeDirectorBuy5,500$19.04$104,720.00View SEC Filing  
9/15/2015Richard B LoyndDirectorBuy5,000$18.60$93,000.00View SEC Filing  
9/9/2015John Nils HansonDirectorBuy16,000$18.58$297,280.00View SEC Filing  
9/4/2015Edward L. Doheny IICEOBuy25,000$19.15$478,750.00View SEC Filing  
6/8/2015Richard B LoyndDirectorBuy5,000$38.51$192,550.00View SEC Filing  
6/5/2015Edward L Doheny IICEOBuy7,750$38.32$296,980.00View SEC Filing  
6/5/2015James M SullivanCFOBuy4,000$38.48$153,920.00View SEC Filing  
7/16/2014Sean D MajorEVPSell9,333$64.00$597,312.00View SEC Filing  
6/20/2014Sean D MajorEVPSell2,000$62.82$125,640.00View SEC Filing  
3/27/2014Johannes MaritzEVPSell3,000$57.50$172,500.00View SEC Filing  
3/7/2014Richard LoyndDirectorSell1,200$56.68$68,016.00View SEC Filing  
3/6/2013Richard B LoyndDirectorSell1,095$62.16$68,065.20View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Joy Global (NYSE:JOY)
News IconJoy Global Inc. (NYSE:JOY) Insider Selling Update - Winfield Review (NYSE:JOY) - February 22 at 11:19 PM
News IconAre Analysts Optimistic About Where Joy Global Inc. (NYSE:JOY) is Heading? - Winfield Review (NYSE:JOY) - February 22 at 11:19 PM
News IconImpact Score Of Joy Global Inc. (NYSE:JOY) At 0 - Stock Observer (NYSE:JOY) - February 22 at 11:19 PM
News IconJoy Global Inc. (NYSE:JOY) Rating Fixed At 2.85 - Stock Observer (NYSE:JOY) - February 18 at 12:09 PM logoGrowth Opportunities in the Global Mining Equipment Industry, December 2016 (NYSE:JOY) - February 16 at 10:45 PM
News IconInvestor Monitor: Looking Closer at Shares of Joy Global Inc. (NYSE:JOY) - Baldwin Journal (NYSE:JOY) - February 15 at 5:33 AM logoGlobal Smart Mining Market Reaching US $13 Bn in Revenues over 2015-2020 (NYSE:JOY) - February 14 at 5:12 AM
News IconBullish Target Of Joy Global Inc. (NYSE:JOY) At $28.3 - Stock Observer (NYSE:JOY) - February 12 at 4:08 AM logoForm SC 13G/A JOY GLOBAL INC Filed by: STATE STREET CORP - (NYSE:JOY) - February 10 at 6:53 PM
News IconForward Earnings Estimate of Joy Global Inc.(JOY) - Highland Mirror (NYSE:JOY) - February 10 at 6:53 PM logoConstruction Equipment Market Worth 134.86 Billion USD and Mining Equipment Market worth 136.03 Billion USD by 2021 (NYSE:JOY) - February 10 at 5:08 AM
News IconMining Equipment Market Worth USD 128.39 Billion By 2025: Grand View Research, Inc. (NYSE:JOY) - February 9 at 7:02 PM
News IconHighlighting Recommendations on Joy Global Inc. (NYSE:JOY ... - Midway Monitor (NYSE:JOY) - February 9 at 4:53 AM
News IconEquity Sheet: Reviewing the Numbers for Joy Global Inc. (NYSE:JOY) - Baldwin Journal (NYSE:JOY) - February 9 at 4:53 AM
News IconStock Levels in Review for Joy Global Inc. (JOY) - Benton Bulletin (NYSE:JOY) - February 9 at 4:53 AM
News IconEarnings Clues on Joy Global Inc. (JOY), MDU Resources Group, Inc. (MDU) Analyst's Predictions - StockNewsJournal (NYSE:JOY) - February 9 at 4:53 AM
News IconSmart Mining Market worth US$ 13 Bn by 2020 (NYSE:JOY) - February 8 at 11:52 PM logoBRIEF-S. Africa's Competition Tribunal issues court decisions (NYSE:JOY) - February 8 at 6:49 PM
News IconJoy Global Inc. (NYSE:JOY) News Impact Score At 0 - Stock Observer (NYSE:JOY) - February 8 at 12:25 AM logoThe global mining equipment industry is expected to reach $80.8 billion by 2021 (NYSE:JOY) - February 6 at 6:11 PM logoGlobal Hydraulic Shaft Jumbo Sales Market 2016 - Joy Global Inc, Gmmco Limited, HERRENKNECHT AG (NYSE:JOY) - February 6 at 10:25 AM
News IconWhat Analysts are Predicting For Joy Global Inc. (JOY), Foot Locker ... - The USA Commerce (NYSE:JOY) - February 3 at 6:46 PM
News IconImpact Score Of Joy Global Inc. (NYSE:JOY) At 83 - Stock Observer (NYSE:JOY) - February 1 at 6:54 PM
News IconDrilling Down Into Joy Global Inc. (JOY) - StockNewsJournal (NYSE:JOY) - February 1 at 6:54 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About Joy Global Inc. (NYSE:JOY)? - Wall Street Beacon (NYSE:JOY) - February 1 at 5:04 AM
News IconEarnings Forecast Research on Joy Global Inc. (JOY) - Highland Mirror (NYSE:JOY) - February 1 at 5:04 AM logoMario Gabelli Comments on Joy Global Inc. - - (NYSE:JOY) - February 1 at 12:03 AM logoMario Gabelli Comments on Joy Global Inc. (NYSE:JOY) - January 31 at 6:53 PM
News IconTrading Scope: Checking on Shares of Joy Global Inc. (NYSE:JOY) - The Tribune (NYSE:JOY) - January 30 at 6:46 PM
News IconADX in View on Shares of Joy Global Inc. (JOY) - Springdale Times (NYSE:JOY) - January 30 at 6:46 PM
News IconAre Analysts Predicting a Near-Term Upswing For Joy Global Inc. (NYSE:JOY)? - Wall Street Beacon (NYSE:JOY) - January 30 at 6:46 PM logoWhy China Debt Data Could Slam Metals Prices (NYSE:JOY) - January 30 at 10:30 AM
News IconImpact Score Of Joy Global Inc. (NYSE:JOY) At 33 - Stock Observer (NYSE:JOY) - January 26 at 7:49 PM logoJoy Global Inc. (NYSE:JOY) Files An 8-K Other Events - Market Exclusive (NYSE:JOY) - January 26 at 7:49 PM
News IconGlobal Construction & Mining Equipment Market by Application & Data Validation, Analysis and Forecast 2022 (NYSE:JOY) - January 26 at 12:31 AM logoSmart Mining Market by Hardware Component, System & Solution, Service - Global Opportunity Analysis and Industry Forecast, 2014 - 2022 (NYSE:JOY) - January 25 at 7:31 PM
News IconEarnings in Full Force, Analysts Take Aim at Joy Global Inc. (NYSE:JOY) - Wall Street Beacon (NYSE:JOY) - January 24 at 11:48 PM logoIIROC Trading Resumption - ERE.P (NYSE:JOY) - January 24 at 11:48 PM logoJOY GLOBAL INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:JOY) - January 24 at 6:47 PM logoJoy Global Inc. Announces Results of Consent Solicitation ... - Business Wire (press release) (NYSE:JOY) - January 24 at 4:25 AM logoJoy Global Inc. Announces Results of Consent Solicitation (NYSE:JOY) - January 23 at 6:24 PM
News IconJoy Global Inc. (NYSE:JOY) Rating Fixed At 2.86 | Stock Observer - Stock Observer (NYSE:JOY) - January 22 at 3:56 AM logoJoy Global : How These Farm & Construction Machinery Stocks are Faring? -- Deere, Manitowoc, CNH Industrial, and Joy Global (NYSE:JOY) - January 20 at 4:16 PM
News IconSmart Mining Market Forecast Snapshot by End-use Industry 2015-2020 (NYSE:JOY) - January 20 at 12:53 AM
News IconImpact Score Of Joy Global Inc. (NYSE:JOY) At 20 - Stock Observer (NYSE:JOY) - January 19 at 4:57 AM logoUS Underground Mining Equipment Industry to Reach USD 4321.1 Million by 2022 at a Steady CAGR of 4.3% from 2016 to 2022 (NYSE:JOY) - January 18 at 6:37 PM logoThese 3 Stocks Have Embarrassingly Low Dividends (NYSE:JOY) - January 18 at 6:37 PM
News IconVideo-game technology meets big machines at Caterpiller, Komatsu (NYSE:JOY) - January 16 at 8:42 AM
News IconJoy Global Inc. (NYSE:JOY) Rating Fixed At 2.86 - Stock Observer (NYSE:JOY) - January 15 at 4:08 AM
News IconOwnership Action Don't Lie: Joy Global Inc (NYSE:JOY) Sentiment Report - Baxley Report (NYSE:JOY) - January 14 at 12:22 AM


What is Joy Global's stock symbol?

Joy Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "JOY."

How often does Joy Global pay dividends? What is the dividend yield for Joy Global?

Joy Global declared a quarterly dividend on Wednesday, December 14th. Investors of record on Friday, December 30th will be paid a dividend of $0.01 per share on Friday, January 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, December 28th.

Where is Joy Global's stock going? Where will Joy Global's stock price be in 2017?

18 brokerages have issued twelve-month price objectives for Joy Global's stock. Their forecasts range from $10.00 to $28.00. On average, they expect Joy Global's share price to reach $21.10 in the next year.

When will Joy Global announce their earnings?

Joy Global is scheduled to release their next quarterly earnings announcement on Wednesday, March, 1st 2017.

What are analysts saying about Joy Global stock?

Here are some recent quotes from research analysts about Joy Global stock:

  • According to Zacks Investment Research, "Joy Global plans to continue with its restructuring activities to align the company's workforce and overall cost structure with the current and future levels of demand. Joy Global will be acquired by Japanese mining equipment maker and seller Komatsu Ltd. for nearly $2.9 billion. A definitive agreement for the acquisition was signed by the representatives of both the companies, which is expected to close in mid-2017. Joy Global could face serious challenges ahead as the regulatory pressure on coal usage would result in an almost 21% year-over-year drop in the fossil fuel’s usage in 2016. This will surely hurt Joy Global as nearly 59% of its top line is derived from coal miners." (11/8/2016)

  • Axiom Securities analysts commented, "Observing the last supply-driven commodity down cycle, we note that, peak-to-trough, aggregated global mining CAPEX (AGMC) fell 31.1 percent, while JOY's revenues moderated 61.1 percent over the same time-frame, or a 1.97-to-1.00 ratio," the analyst mentioned.Related Link: BMO Defends Joy Global, Despite 75% Decline In 2015In addition, supporting this relationship is the fact that Joy Global's revenues during 1998-2015 displayed a 97.2 percent R² correlation to AGMC expenditures.Given that both the company's revenues and the AGMC's most recent peak occurred in 2012 and assuming that the current down-cycle is only 40 percent that seen in 1996–1999, Johnson expects Joy Global's 2016 sales to come in at about $2.4 billion, as compared to the current guidance of $2.4–$2.6 billion."In fact, applying this same math to the actual decline in AGMC in '12–'15, one would have modeled JOY's '15 revenues at $3.1 billion vs. JOY's reported '15 consolidated sales of $3.2 billion (i.e., nearly spot on)," (3/2/2016)

Who owns Joy Global stock?

Joy Global's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (3.83%), CNH Partners LLC (3.10%), Allianz Asset Management AG (2.12%), Kiltearn Partners LLP (1.44%), Alpine Associates Management Inc. (1.42%) and Dimensional Fund Advisors LP (1.35%). Company insiders that own Joy Global stock include Douglas E Blom, Edward L Doheny II, James M Sullivan, Johannes S Maritz, John M Koetz, John Nils Hanson, Mark Joseph Gliebe, Matthew S Kulasa, Paul Eric Siegert, Peter B Salditt, Richard B Loynd and Sean D Major.

Who sold Joy Global stock? Who is selling Joy Global stock?

Joy Global's stock was sold by a variety of institutional investors in the last quarter, including Kiltearn Partners LLP, Dimensional Fund Advisors LP, Two Sigma Investments LP, Guggenheim Capital LLC, Renaissance Technologies LLC, Capstone Investment Advisors LLC, State Street Corp and FMR LLC. Company insiders that have sold Joy Global stock in the last year include Douglas E Blom, Edward L Doheny II, James M Sullivan, Johannes S Maritz, John M Koetz, Matthew S Kulasa, Peter B Salditt and Sean D Major.

Who bought Joy Global stock? Who is buying Joy Global stock?

Joy Global's stock was purchased by a variety of institutional investors in the last quarter, including CNH Partners LLC, Gabelli Funds LLC, ARP Americas LLC, Alpine Associates Management Inc., GABELLI & Co INVESTMENT ADVISERS INC., Allianz Asset Management AG, Gamco Investors INC. ET AL and Van ECK Associates Corp. Company insiders that have bought Joy Global stock in the last two years include Edward L Doheny II, James M Sullivan, John Nils Hanson, Mark Joseph Gliebe, Paul Eric Siegert and Richard B Loynd.

How do I buy Joy Global stock?

Shares of Joy Global can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Joy Global stock cost?

One share of Joy Global stock can currently be purchased for approximately $28.17.

Joy Global (NYSE:JOY) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Joy Global (NYSE:JOY)

Earnings History Chart

Earnings by Quarter for Joy Global (NYSE:JOY)

Dividend History Chart

Dividend Payments by Quarter for Joy Global (NYSE:JOY)

Last Updated on 2/23/2017 by Staff