The Middleby Corporation (MIDD)
| Market Cap | 9.88B |
| Revenue (ttm) | 2.93B |
| Net Income (ttm) | 322.20M |
| Shares Out | 55.23M |
| EPS (ttm) | 5.79 |
| PE Ratio | 30.30 |
| Forward PE | 17.48 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 205,708 |
| Open | 176.46 |
| Previous Close | 175.89 |
| Day's Range | 174.80 - 177.72 |
| 52-Week Range | 97.66 - 196.49 |
| Beta | 1.72 |
| Analysts | Buy |
| Price Target | 214.00 (+22.0%) |
| Est. Earnings Date | Nov 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, ...
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 StatementsAnalyst 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.
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.
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.
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, ...
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.
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.
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.
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.
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...
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?
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.
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, ...
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.
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.
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...
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.
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
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
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.
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.
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.
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.
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
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...
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...
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...