Joy Global Beats Expectations, Guidance Below Analyst Expectations (JOY)

By
A A A
Share |

Mining equipment manufacturer, Joy Global Inc.( JOY ) reported increased earnings for their Q4 on Wednesday, beating analysts estimates.

The Milwaukee. MI based company reported fourth quarter earnings of $212.56 million, or $1.99 per share, up 19% from last years Q4 earnings of $172.35 million, or $1.62 per share. Excluding special items, the company reported earnings of $208.3 million, or $1.94 per share, up from $193.7 million, or $1.82 per share. On average, analysts expected EPS of $1.91.

Revenue was reported at $1.59 billion, up 19% from last years revenue of $1.34 billion. Analysts expected revenue of $1.42 billion.

Looking ahead, JOY expects to to see earnings for fiscal 2013 in the range of $5.90 to $6.50 per share. Revenue is expected to be in the range of $4.9 million and $5.2 billion. Analysts are estimating EPS of $6.73, with $5.21 billion in revenue.

Joy Global shares were mostly flat during premarket trading Wednesday. The stock is down -35% YTD.

The Bottom Line
Shares of Joy Global ( JOY ) have a 1.21% dividend yield, based on last night's closing stock price of $57.87. The stock has technical support in the $51-$52 price area. If the shares can firm up, we see overhead resistance around the $62-$65 price levels.

Joy Global Inc.( JOY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: JOY

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM