Joy Global (JOY) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Joy Global (NYSE:JOY) announced its earnings results on Thursday. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.04, StockRatingsNetwork.com reports.
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 $60.00 to $62.00 in a research note on Thursday, August 28th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Joy Global in a research note on Friday, August 22nd. They now have a $67.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Joy Global has a consensus rating of “Hold” and an average target price of $62.10.
Shares of Joy Global (NYSE:JOY) opened at 62.20 on Thursday. Joy Global has a one year low of $49.70 and a one year high of $65.36. The stock has a 50-day moving average of $62.08 and a 200-day moving average of $59.85. The company has a market cap of $6.214 billion and a P/E ratio of 19.65.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, September 2nd.
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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