Barclays Defends Joy Global (JOY): Bar Reset...But It's a Positive Step
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Goldman Sachs Maintains a 'Buy/Top Value Idea' on Joy Global (JOY); Adjusting Estimates & PT
August 30, 2012 1:36 PM EDTGoldman Sachs maintains a 'Buy' on Joy Global (NYSE: JOY) price target of $82.00 (from $85.00).
Analyst, Jerry Revich, said, "JOY remains our top value idea as we believe (1) aftermarket demand (53% of JOY) will prove resilient in the face of sharp mining capex cuts,... More
UBS Cuts Estimates and Price Target on Joy Global (JOY); Not Getting Too Negative Yet
August 30, 2012 10:57 AM EDTUBS maintains a 'Neutral' on Joy Global (NYSE: JOY) price target of $55.00 (from $58.00).
Analyst, Henry Kirn, said, "Q3 orders of $1.1B, down 25% YoY & down 35% ex-acquisitions, offer clear evidence of broad weakening in end market demand. JOY noted the deceleration of China demand has deteriorated... More
Jefferies Maintains a 'Hold' on Joy Global (JOY); Cutting Estimates on Soft Orders
August 30, 2012 7:24 AM EDTJefferies maintains a 'Hold' on Joy Global (NYSE: JOY) price target of $50.00 (from $55.00).
Analyst, Stephen Volkmann, said, "We are lowering our F2013 and F2014 estimates significantly on a notably lower revenue outlook as orders have begun to decline and mining projects... More
Joy Global (JOY) Misses Q3 Expectations, Cuts Views as Macro Uncertainty, Slow Recovery Weigh
August 29, 2012 7:32 AM EDTJoy Global (NYSE: JOY) is slumping in early Wednesday trading following third-quarter 2012 and guidance that missed the market. Shares are down 2 percent ahead of the bell.
For the quarter, Joy reported a 22 percent increase in sales to $1.39 billion, from $1.14 billion in the same period last year. Amid the rise in revs, bookings slipped 25.1 percent to $1.08 billion, with the largest percentage drop coming from its Surface Mining Equipment unit.
Net profit rose 11.8 percent to $193.5 million, or $1.81 per share. Adjusting for... More
Joy Global, Inc. (JOY) Misses Q3 EPS by 6c; Trims FY12 Outlook
August 29, 2012 6:17 AM EDTJoy Global, Inc. (NYSE: JOY) reported Q3 EPS of $1.82, $0.06 worse than the analyst estimate of $1.88. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.43 billion.
Sees FY2012 EPS of $7.05-7.20, versus prior guidance of $7.15-7.45 and the consensus of... More
