Skip to main content

The Middleby Corporation (MIDD)

NASDAQ: MIDD · IEX Real-Time Price · USD
175.43 -0.46 (-0.26%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap9.88B
Revenue (ttm)2.93B
Net Income (ttm)322.20M
Shares Out55.23M
EPS (ttm)5.79
PE Ratio30.30
Forward PE17.48
Dividendn/a
Ex-Dividend Daten/a
Volume205,708
Open176.46
Previous Close175.89
Day's Range174.80 - 177.72
52-Week Range97.66 - 196.49
Beta1.72
AnalystsBuy
Price Target214.00 (+22.0%)
Est. Earnings DateNov 4, 2021

About MIDD

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, countertop cooking, and kitchen ventilation equipment; heated cabinets, ...

IndustryMachinery
Founded1888
CEOTimothy Fitzgerald
Employees9,289
Stock ExchangeNASDAQ
Ticker SymbolMIDD
Full Company Profile

Financial Performance

In 2020, MIDD's revenue was $2.51 billion, a decrease of -15.08% compared to the previous year's $2.96 billion. Earnings were $207.29 million, a decrease of -41.15%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for MIDD stock is "Buy." The 12-month stock price forecast is 214.00, which is an increase of 21.99% from the latest price.

Price Target
$214.00
(21.99% upside)
Analyst Consensus: Buy

News

Middleby (MIDD) Displays Bright Prospects, Headwinds Remain

Middleby (MIDD) is poised to gain from solid growth in orders for products, acquired assets, and robust liquidity position. Rising costs and softness at the restaurant industry are concerning.

1 week ago - Zacks Investment Research

Middleby (MIDD) Acquires Imperial, Expands Product Offerings

Middleby's (MIDD) acquisition of Imperial Commercial Cooking Equipment is likely to boost its product offerings in the commercial kitchen end market and expand its presence across the west coast.

3 weeks ago - Zacks Investment Research

Middleby Acquires Imperial Commercial Cooking Equipment

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Imperial Commercial Cooking Equipment. Based in Corona, Calif., the company manufactures ranges, ...

4 weeks ago - Business Wire

U.S. Manufacturing Flourishing on Strong Demand: 5 Top Picks

We have narrowed down our search to five manufacturing stocks with strong growth potential for 2021. These are: DE, DOV, HUBB, MIDD and IEX.

Other symbols:DEDOVHUBBIEX
1 month ago - Zacks Investment Research

U.S. Business Spending Likely to Remain Strong: 5 Top Picks

We have narrowed down our search to five industrial product stocks that have strong growth potential for the rest of 2021. These are: DE, DOV, IR, IEX and MIDD.

Other symbols:DEDOVIEXIR
1 month ago - Zacks Investment Research

Here's Why it is Worth Investing in Middleby (MIDD) Stock Now

Middleby (MIDD) stands to benefit from strong growth in orders for products, acquired assets and robust liquidity position.

2 months ago - Zacks Investment Research

Middleby (MIDD) Q2 Earnings Beat Estimates, Up Y/Y on Sales

Middleby (MIDD) Q2 earnings results reflect gains from solid product demand and improving market conditions. Solid demand, and costs and supply-chain woes to impact its performance in the second half.

2 months ago - Zacks Investment Research

Middleby Stock Falls After Q2 Results, Warns On Supply Chain Disruptions

Middleby Corp (NASDAQ: MIDD) reported second-quarter sales growth of 71.4% year-over-year to $808.77 million, +64.8% on an organic basis, beating the consensus of $803.17 million. Sales by segments: Com...

2 months ago - Benzinga

Middleby (MIDD) Beats Q2 Earnings and Revenue Estimates

Middleby (MIDD) delivered earnings and revenue surprises of 1.93% and 0.02%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Middleby: Q2 Earnings Insights

Shares of The Middleby (NASDAQ:MIDD) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 283.64% year over year to $2.11, which beat the estimate of $2.04.

2 months ago - Benzinga

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, ...

2 months ago - Business Wire

Should You Buy The Middleby Corporation (MIDD) Ahead of Earnings?

The Middleby Corporation (MIDD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

Why Middleby (MIDD) is Poised to Beat Earnings Estimates Again

Middleby (MIDD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Middleby Schedules Second Quarter Earnings Release and Conference Call

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2021 second quarter earnings on Thursday, August 12 before the market opens. The company has schedul...

2 months ago - Business Wire

Middleby (MIDD) to Report Q2 Results: Wall Street Expects Earnings Growth

Middleby (MIDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for July 28th

CROX, ISRG, MIDD, and DHR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 28, 2021

Other symbols:CROXDHRISRG
2 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for July 26th

MIDD, RGP, AN, and DLA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 26, 2021

Other symbols:ANDLARGP
2 months ago - Zacks Investment Research

Middleby (MIDD) Hits 52-Week High, Can the Run Continue?

Middleby (MIDD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

3 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for July 16th

GLOP, SGH, MIDD, and ARCH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 16, 2021.

Other symbols:ARCHGLOPSGH
3 months ago - Zacks Investment Research

Middleby (MIDD) and Welbilt Terminate Merger Agreement

Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.

Other symbols:WBT
3 months ago - Zacks Investment Research

Middleby (MIDD) Buys Novy, To Aid Residential Cooking Business

Middleby's (MIDD) Novy buyout is anticipated to expand product offerings and customer base in the residential built-in cooking market.

3 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for July 13th

ESTE, MIDD, GRIN, and HIBB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 13, 2021

Other symbols:ESTEGRINHIBB
3 months ago - Zacks Investment Research

Middleby Will Not Increase Offer to Acquire Welbilt

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc. (NYSE: WBT), it w...

Other symbols:WBT
3 months ago - Business Wire

Middleby Acquires Residential Appliance Brand Novy For Undisclosed Sum

Middleby Corp (NASDAQ: MIDD) has acquired Novy , a manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of ~$90 million annually and EBITDA margins in excess o...

3 months ago - Benzinga

Middleby Acquires Premium Residential Appliance Brand Novy

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgi...

3 months ago - Business Wire