Middleby (NASDAQ:MIDD – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.05 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Middleby (NASDAQ:MIDD – Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.21. Middleby had a return on equity of 16.99% and a net margin of 9.93%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $2.57 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts expect Middleby to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Middleby Trading Down 2.2 %
Shares of MIDD stock opened at $138.97 on Wednesday. The stock has a 50-day simple moving average of $150.99 and a 200 day simple moving average of $139.53. Middleby has a fifty-two week low of $109.59 and a fifty-two week high of $161.01. The stock has a market capitalization of $7.45 billion, a P/E ratio of 18.75 and a beta of 1.56. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.73.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on MIDD
Insider Activity at Middleby
In related news, Director Cathy L. Mccarthy sold 1,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total value of $153,120.00. Following the completion of the transaction, the director now owns 7,971 shares in the company, valued at approximately $1,220,519.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Chapin Sarah Palisi sold 350 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $151.47, for a total value of $53,014.50. Following the completion of the sale, the director now directly owns 6,306 shares of the company’s stock, valued at approximately $955,169.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cathy L. Mccarthy sold 1,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.12, for a total value of $153,120.00. Following the completion of the sale, the director now directly owns 7,971 shares of the company’s stock, valued at $1,220,519.52. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.
Middleby Company Profile
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, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.
See Also
- Five stocks we like better than Middleby
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Goldman Boosted FMC Stock’s Price Targets, Setting Up a Breakout
- How to Calculate Stock Profit
- Impinj Proves The Internet-of-Things (IoT) is No Fluke
- 3 Ways To Invest In Coffee, Other Than Drinking It
- PayPal’s Strong Earnings Growth and Strategic Evolution
Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.com's FREE daily email newsletter.