Media stories about The Middleby Corporation (NASDAQ:MIDD) have trended somewhat positive on Friday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Middleby Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.742399003054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Food Service Equipment Market : Projection of Each Major Segment over the Forecast Period. (mynewsdesk.com)
- Axalta Coating Systems Ltd. (NYSE:AXTA) and The Middleby Corporation (NasdaqGS:MIDD) Value Composite Score … – Collins Courier (collinscourier.com)
- Recent WMT News (bloomberg.com)
- Global pet food processing equipment market scrutinized in new research (whatech.com)
- ETFs with exposure to The Middleby Corp. : October 9, 2017 (finance.yahoo.com)
Shares of The Middleby Corporation (NASDAQ MIDD) opened at 122.77 on Friday. The company has a market cap of $7.07 billion, a P/E ratio of 22.99 and a beta of 1.82. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The firm’s 50-day moving average price is $122.74 and its 200 day moving average price is $127.90.
The Middleby Corporation (NASDAQ:MIDD) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $579.34 million for the quarter, compared to the consensus estimate of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. On average, equities analysts predict that The Middleby Corporation will post $5.59 EPS for the current fiscal year.
MIDD has been the topic of several recent research reports. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target (down previously from $155.00) on shares of The Middleby Corporation in a report on Friday, June 23rd. Seaport Global Securities initiated coverage on The Middleby Corporation in a report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price target on the stock. Zacks Investment Research downgraded The Middleby Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Wellington Shields raised The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $142.50.
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In other news, Director Gordon Obrien sold 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $121.41, for a total value of $679,896.00. Following the transaction, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $1,341,580.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John R. Miller III sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $118.50, for a total value of $1,007,250.00. Following the completion of the transaction, the director now directly owns 16,000 shares in the company, valued at $1,896,000. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
The Middleby Corporation Company Profile
The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.
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