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Joy Global (NYSE:JOY) declared a quarterly dividend on Tuesday, August 19th, American Banking & Market News reports. Investors of record on Thursday, September 4th will be given a dividend of 0.20 per share on Thursday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%.

A number of analysts have recently weighed in on JOY shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Joy Global from $58.00 to $60.00 in a research note on Monday, June 30th. They now have a “neutral” rating on the stock. On a related note, analysts at Longbow Research downgraded shares of Joy Global from a “neutral” rating to an “underperform” rating in a research note on Monday, June 23rd. They now have a $50.00 price target on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Joy Global in a research note on Monday, June 9th. They now have a $75.00 price target on the stock, up previously from $65.00. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.53.

Shares of Joy Global (NYSE:JOY) traded up 0.89% during mid-day trading on Tuesday, hitting $63.53. The stock had a trading volume of 1,021,944 shares. Joy Global has a 52 week low of $48.07 and a 52 week high of $65.36. The stock has a 50-day moving average of $61.31 and a 200-day moving average of $59.08. The company has a market cap of $6.347 billion and a price-to-earnings ratio of 19.78. Joy Global also was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 17,641,708 shares, a drop of 17.7% from the July 15th total of 21,434,482 shares. Based on an average daily volume of 2,331,867 shares, the days-to-cover ratio is presently 7.6 days. Approximately 17.8% of the company’s stock are sold short.

Joy Global (NYSE:JOY) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.05. The company had revenue of $930.00 million for the quarter, compared to the consensus estimate of $933.02 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was down 31.7% on a year-over-year basis. Analysts expect that Joy Global will post $3.22 EPS for the current fiscal year.

Joy Global Inc is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores.

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