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