The Middleby Corporation (MIDD)

NASDAQ: MIDD · IEX Real-Time Price · USD
159.86
+2.92 (1.86%)
Aug 16, 2022 11:41 AM EDT - Market open
1.86%
Market Cap 8.69B
Revenue (ttm) 3.69B
Net Income (ttm) 477.65M
Shares Out 54.39M
EPS (ttm) 8.77
PE Ratio 18.23
Forward PE 17.12
Dividend n/a
Ex-Dividend Date n/a
Volume 67,325
Open 156.72
Previous Close 156.94
Day's Range 155.65 - 159.86
52-Week Range 120.30 - 201.34
Beta 1.59
Analysts Buy
Price Target 175.88 (+10.0%)
Earnings Date Aug 4, 2022

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, and countertop cooking equipment; heated cabinets, charbroilers, ventles... [Read more...]

Industry Machinery
Founded 1888
CEO Timothy Fitzgerald
Employees 10,624
Stock Exchange NASDAQ
Ticker Symbol MIDD
Full Company Profile

Financial Performance

In 2021, MIDD's revenue was $3.25 billion, an increase of 29.35% compared to the previous year's $2.51 billion. Earnings were $488.49 million, an increase of 135.65%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for MIDD stock is "Buy." The 12-month stock price forecast is 175.88, which is an increase of 10.02% from the latest price.

Price Target
$175.88
(10.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Middleby (MIDD) Q2 Earnings Beat, Revenues Surge 25% Y/Y

Middleby's (MIDD) Q2 performance benefits from organic sales growth owing to higher shipments. Acquired assets boost sales by 14.4%.

Middleby (MIDD) Tops Q2 Earnings and Revenue Estimates

Middleby (MIDD) delivered earnings and revenue surprises of 3.24% and 1.58%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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 (MIDD) Reports Next Week: 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.

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 proce...

Middleby Schedules Second Quarter Earnings Release and Conference Call

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2022 second quarter earnings on Thursday, August 4 before the market opens. The company has scheduled a conference call...

Middleby (MIDD) Buys CP Packaging, Boosts Packaging Offerings

Middleby's (MIDD) CP Packaging buyout expands its Food Processing Equipment portfolio by boosting packaging equipment offerings.

Middleby Acquires CP Packaging, Expands Offerings in Packaging Innovation

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment. Based in Appleton...

Middleby (MIDD) Rides on End-Market Demand Amid Cost Woes

Middleby (MIDD) benefits from an improvement in end-market conditions, solid consumer demand and technological enhancement measures. However, high costs pose a threat to the company's bottom line.

Middleby (MIDD) Acquires Icetro to Bolster Beverage Business

Middleby's (MIDD) Icetro acquisition expands its Asian manufacturing capabilities and provides solutions to support customers expanding in international markets.

Middleby (MIDD) Acquires Proxaut, Boosts Product Portfolio (Revised)

The acquisition of Proxaut will enable Middleby (MIDD) to strengthen its product menu in the food processing end market.

Middleby (MIDD) Acquires Proxaut, Boosts Product Portfolio

The acquisition of Proxaut will enable Middleby (MIDD) to strengthen its product menu in the food processing end market.

Middleby Acquires Icetro, Expands Growing Beverage Business

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Icetro, a maker of ice, soft serve and slush machines that are used worldwide in commercial foods...

Middleby Acquires Proxaut, Innovator of Industry-Leading Automation Solutions

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Proxaut, a leading manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industri...

Why Is Middleby (MIDD) Up 12.6% Since Last Earnings Report?

Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?

Middleby (MIDD) Displays Bright Prospects, Risks Persist

Middleby (MIDD) is likely to benefit from product innovation and technological-advancement actions, along with acquired assets. High costs and expenses and high debt levels remain concerns.

Why Shares of Middleby Slumped This Week

Investors were unimpressed by the company's first-quarter earnings.

Middleby (MIDD) Q1 Earnings & Revenues Surpass Estimates

Middleby's (MIDD) Q1 earnings results reflect gains from solid segmental results. Supply-chain issues and high costs deter margin growth.

Middleby (MIDD) Surpasses Q1 Earnings and Revenue Estimates

Middleby (MIDD) delivered earnings and revenue surprises of 0.47% and 6.77%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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, ...

Why Earnings Season Could Be Great for Middleby (MIDD)

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

Middleby Schedules First Quarter Earnings Release and Conference Call

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release first quarter earnings for 2022 on Tuesday, May 10 before the market opens. The company has scheduled a conference call...

Middleby (MIDD) to Report Q1 Results: Wall Street Expects Earnings Growth

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) Down 0.9% Since Last Earnings Report: Can It Rebound?

Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?

Here's Why Middleby (MIDD) is a Strong Value Stock

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