The Middleby Corporation (MIDD)
| Market Cap | 10.43B |
| Revenue (ttm) | 2.59B |
| Net Income (ttm) | 222.78M |
| Shares Out | 55.21M |
| EPS (ttm) | 4.03 |
| PE Ratio | 46.87 |
| Forward PE | 24.27 |
| Dividend | n/a |
| Dividend Yield | n/a |
| Trading Day | July 23 |
| Last Price | $188.73 |
| Previous Close | $187.78 |
| Change ($) | 0.95 |
| Change (%) | 0.51% |
| Day's Open | 188.65 |
| Day's Range | 187.12 - 189.64 |
| Day's Volume | 305,983 |
| 52-Week Range | 82.04 - 189.64 |
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.
GLOP, SGH, MIDD, and ARCH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 16, 2021.
Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.
Middleby's (MIDD) Novy buyout is anticipated to expand product offerings and customer base in the residential built-in cooking market.
ESTE, MIDD, GRIN, and HIBB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 13, 2021
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 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...
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...
A look at why these stocks have outperformed and what investors can take away from them.
Middleby (MIDD) benefits from solid orders in all three segments as market conditions recover from the pandemic woes. Gains from buyouts, and sales and distribution measures are aiding.
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt (NYSE:WBT) today announced that the Welbilt Board of Directors, in consultation with its legal and financial advisors, has determined that the revised uns...
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today is releasing its current Q2 2021 and fiscal year 2021 forecast, well ahead of prior management forecasts and curr...
SAN FRANCISCO, June 28, 2021 /PRNewswire/ -- Botrista Technology, Inc., a company revolutionizing the beverage industry with the Botrista DrinkBot, today announced it has raised $10 million in a Series...
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non...
Middleby (MIDD) gains from its solid product portfolio, strength across industries, robust liquidity position, and acquired assets.
Top Ranked Momentum Stocks to Buy for May 10th
Middleby's (MIDD) Q1 earnings results reflect the benefits of recovering market conditions and demand improvement. Solid product offerings and a focus on innovation are likely to aid in the future.
Middleby (MIDD) delivered earnings and revenue surprises of 9.82% and 4.12%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
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 Corp (MIDD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2021 first quarter earnings on Thursday, May 6 before the market opens. The company has scheduled a ...
Middleby (MIDD) possesses 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 April 26th
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Welbilt, Inc. (NYS...
Middleby (MIDD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength dow...
NEW YORK, April 21, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Welbilt, Inc. ("Welbilt" or the "Compa...
Find out what UiPath and Welbilt had to say to investors on a strong market day.
NEW YORK, April 21, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Welbilt, Inc. (NYSE: WBT) and its board of directors concerning the proposed acquisition ...
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. is fair to Middleby share...
ELGIN, Ill. & NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Wel...
ELGIN, Ill.--(BUSINESS WIRE)--TurboChef Technologies, LLC, a leader in accelerated cooking technologies, and a Middleby Corporation company (NASDAQ: MIDD), introduces PLEXOR, a generational advancement ...
ELGIN, Ill.--(BUSINESS WIRE)--Middleby announces its investment with Vyv, for use of the company's proprietary, antimicrobial LED technology.
Strong business models and reasonable valuations helped them weather market turbulence.
Top-ranked mid-cap fund manager finds opportunity in foodservice and gaming stocks
Amy Zhang, top-rated small and mid-cap fund manager at Alger, discusses why Penn National, U.S. Foods and Middleby are good ways to play the economic recovery story.
Middleby (MIDD) is likely to benefit from product innovation and technological-advancement actions, along with acquired assets. Its strong liquidity position also bodes well.
Middleby's (MIDD) fourth-quarter 2020 revenues decline 7.4% year over year due to lackluster performance of Commercial Foodservice Equipment Group segment.
Middleby (MIDD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
The food service and kitchen equipment leader posted analyst-stumping results in the fourth quarter of 2020.
Middleby (MIDD) delivered earnings and revenue surprises of 14.08% and 4.83%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of The Middleby (NASDAQ:MIDD) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 19.00% over the past year to $1.62, which beat the estimate...
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 (NASDAQ:MIDD) announces its next round of earnings this Monday, March 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) is proud to announce the grand opening of the Middleby Innovation Kitchens (the MIK) located in the Dallas area. The expansive 40,00...
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2020 fourth quarter earnings on Monday, March 1 before the market opens. The company has scheduled a...
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021. Dave joined Middleby in 2006 a...
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced promotions expanding the executive team. The new roles will support the execution of key strategic initiatives and c...
Middleby (MIDD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
Ramp up of production level and strong growth in domestic orders are expected to get reflected in majority of industrial stocks' quarterly results. The impacts of the coronavirus outbreak will be a drag.
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, ... [Read more...]
| Industry Specialty Industrial Machinery | Founded 1888 |
| CEO Timothy Fitzgerald | Employees 9,289 |
| Stock Exchange NASDAQ | Ticker Symbol MIDD |
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%.
Analyst Forecasts
According to 8 analysts, the average rating for MIDD stock is "Buy." The 12-month stock price forecast is 215.88, which is an increase of 14.39% from the latest price.