Middleby (NASDAQ:MIDD – Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Middleby to post earnings of $2.05 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Middleby (NASDAQ:MIDD – Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Middleby had a net margin of 9.93% and a return on equity of 16.99%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 EPS. On average, analysts expect Middleby to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Middleby Stock Performance
Shares of NASDAQ:MIDD opened at $140.08 on Monday. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 18.90 and a beta of 1.58. Middleby has a 12 month low of $109.59 and a 12 month high of $161.01. The company has a 50-day moving average price of $150.03 and a 200-day moving average price of $139.99.
Insider Activity at Middleby
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MIDD. TheStreet upgraded Middleby from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. Canaccord Genuity Group lifted their price target on shares of Middleby from $164.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group upped their price objective on shares of Middleby from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.38.
Get Our Latest Analysis on Middleby
About Middleby
The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.
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