The Middleby Corporation (MIDD)
Market Cap | 6.50B |
Revenue (ttm) | 3.96B |
Net Income (ttm) | 388.36M |
Shares Out | 53.77M |
EPS (ttm) | 7.18 |
PE Ratio | 16.84 |
Forward PE | 11.59 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 402,369 |
Open | 119.30 |
Previous Close | 119.40 |
Day's Range | 118.41 - 121.03 |
52-Week Range | 109.59 - 161.01 |
Beta | 1.60 |
Analysts | Strong Buy |
Price Target | 157.25 (+30.07%) |
Earnings Date | Aug 1, 2024 |
About MIDD
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,... [Read more]
Financial Performance
In 2023, MIDD's revenue was $4.04 billion, an increase of 0.09% compared to the previous year's $4.03 billion. Earnings were $400.88 million, a decrease of -8.17%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MIDD stock is "Strong Buy." The 12-month stock price forecast is $157.25, which is an increase of 30.07% from the latest price.
News
The Middleby Corporation Reports First Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Schedules First Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 first quarter earnings on Wednesday, May 8 before the market opens. The company has scheduled a conference call ...
BetterInvesting™ Magazine Update The Middleby Corp. and UnitedHealth Group
TROY, Mich. , April 19, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced The Middleby Corp. (NASDAQ: MIDD) as its "Stock to Study...
The Middleby Corporation Reports Fourth Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Acquires GBT GmbH Bakery Technology
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT). Based in Lünen, Germany, the company has expertise in enginee...
Middleby Schedules Fourth Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2023 fourth quarter earnings on Tuesday, February 20 before the market opens. The company has scheduled a conference ...
Middleby Appoints Stephen Scherger and Tejas Shah to its Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Mr. Scherger is C...
The Middleby Corporation Reports Third Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Schedules Third Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2023 third quarter earnings on Wednesday, November 8 before the market opens. The company has scheduled a conference ...
Davisware Expands its Partnership with Middleby Corporation
WEST DUNDEE, Ill.--(BUSINESS WIRE)-- #Davisware--Davisware, a leading provider of cloud-based software built for manufacturers and commercial field service companies, is proud to announce the extensio...
Powerhouse Dynamics Returns as a Key Sponsor of FSTEC 2023, Taking Place Sept. 13-15 in Dallas, Texas
Leading IoT Solution Provider to Showcase Open Kitchen Innovation for Foodservice Sustainability and Efficiency at Booth IAP2 BOSTON and DALLAS , Sept. 6, 2023 /PRNewswire/ -- By harnessing the power...
The Middleby Corporation Reports Record Second Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Acquires Trade-Wind Manufacturing LLC
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Trade-Wind Manufacturing LLC, a premier manufacturer of ventilation innovation for indoor and o...
Middleby Schedules Second Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2023 second quarter earnings on Thursday, August 3 before the market opens. The company has scheduled a conference ca...
Middleby Acquires TERRY Water Treatment Solutions
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of TERRY Water Treatment Solutions. The company has a proprietary, environmentally friendly soluti...
Middleby Acquires Filtration Automation Inc.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Filtration Automation Inc., known for Micron-Pro brand high capacity oil management systems. Ba...
Middleby Announces Corporate Officer Retirement and Additions
ELGIN, Ill.--(BUSINESS WIRE)--Middleby (NASDAQ: MIDD) announced today the retirement of Chief Risk and Administration Officer Martin M. Lindsay and the appointment of two company officers. Brittany Ce...
The Middleby Corporation Reports Record First Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
The Middleby Corporation Reports Record Fourth Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Acquires Flavor Burst Innovation for Beverage and Soft Serve
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve pro...
Middleby Acquires Marco Beverage Systems, Adds Innovative Beverage Solutions
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition Marco Beverage Systems a designer and manufacturer of innovative and energy-efficient beverage d...
Middleby Posts Analyst Presentation
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) has posted its recent Analyst Day presentation on the company website. The materials can be accessed on the investor page at www...
Middleby Acquires Escher Mixers, Expands Industrial Baking Platform
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Escher Mixers, a designer and manufacturer of highly-engineered spiral and planetary mixers f...
The Middleby Corporation Reports Second Quarter Results
ELGIN, Ill,--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries...
Middleby Acquires Colussi Ermes, Enhances Automation and Food Safety Solutions
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food pro...