BMO Capital Markets Cuts Joy Global EPS Estimates (JOY)
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Joy Global to $72.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Joy Global to $74.00 in a research note to investors on Friday, May 11st. They now have a “hold” rating on the stock. Finally, analysts at Buckingham Research upgraded shares of Joy Global from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 9th.
Shares of Joy Global opened at 55.69 on Friday. Joy Global has a one year low of $53.30 and a one year high of $101.44. The company has a market cap of $5.900 billion and a P/E ratio of 8.48.
Joy Global last issued its quarterly earnings data on Thursday, May 31st. The company reported $2.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.96 by $0.08. Joy Global’s revenue was up 45.1% compared to the same quarter last year. On average, analysts predict that Joy Global will post $2.09 earnings per share next quarter.
Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals, and ores.