Trade-Ideas LLC identified

Joy Global

(

JOY

) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Joy Global as such a stock due to the following factors:

  • JOY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $58.1 million.
  • JOY is down 2.7% today from today's close.

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More details on JOY:

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The stock currently has a dividend yield of 5.4%. JOY has a PE ratio of 6. Currently there are 4 analysts that rate Joy Global a buy, 1 analyst rates it a sell, and 12 rate it a hold.

The average volume for Joy Global has been 3.7 million shares per day over the past 30 days. Joy Global has a market cap of $1.5 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.11 and a short float of 22.5% with 5.44 days to cover. Shares are down 68.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Joy Global as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins.

Highlights from the ratings report include:

  • Net operating cash flow has increased to $115.95 million or 26.50% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -14.04%.
  • The current debt-to-equity ratio, 0.46, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.96 is somewhat weak and could be cause for future problems.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Machinery industry. The net income has significantly decreased by 37.0% when compared to the same quarter one year ago, falling from $71.29 million to $44.89 million.
  • The gross profit margin for JOY GLOBAL INC is currently lower than what is desirable, coming in at 32.07%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 5.66% trails that of the industry average.

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