About The Middleby Corporation (NASDAQ:MIDD)
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. It is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market. It manufactured and assembled the equipment at 28 facilities in the United States, and 23 international manufacturing facilities as of December 31, 2016. Its brands include Anets, Beech, Blodgett, Blodgett Combi, Stewart Systems, Mercury, Rangemaster, Rayburn and Redfyre.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Appliances, Tools & Housewares
- Sub-Industry: Industrial Machinery
- Symbol: NASDAQ:MIDD
- CUSIP: 59627810
- Web: www.middleby.com
- Market Cap: $6.74 billion
- Outstanding Shares: 57,611,000
- 50 Day Moving Avg: $123.21
- 200 Day Moving Avg: $127.25
- 52 Week Range: $108.45 - $150.87
Sales & Book Value:
- Trailing P/E Ratio: 22.68
- Foreward P/E Ratio: 18.76
- P/E Growth: 2.56
- Annual Revenue: $2.28 billion
- Price / Sales: 2.96
- Book Value: $24.78 per share
- Price / Book: 4.72
- EBITDA: $535.17 million
- Net Margins: 13.38%
- Return on Equity: 23.05%
- Return on Assets: 10.38%
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 1.99%
- Quick Ratio: 1.04%
- Average Volume: 495,291 shs.
- Beta: 1.82
- Short Ratio: 6.81
Frequently Asked Questions for The Middleby Corporation (NASDAQ:MIDD)
What is The Middleby Corporation's stock symbol?
The Middleby Corporation trades on the NASDAQ under the ticker symbol "MIDD."
When did The Middleby Corporation's stock split? How did The Middleby Corporation's stock split work?
The Middleby Corporation shares split on the morning of Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly created shares were issued to shareholders after the market closes on Thursday, June 26th 2014. An investor that had 100 shares of The Middleby Corporation stock prior to the split would have 300 shares after the split.
How were The Middleby Corporation's earnings last quarter?
The Middleby Corporation (NASDAQ:MIDD) released its quarterly earnings results on Wednesday, August, 9th. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The firm earned $579.34 million during the quarter, compared to analyst estimates of $587.49 million. The Middleby Corporation had a net margin of 13.38% and a return on equity of 23.05%. View The Middleby Corporation's Earnings History.
When will The Middleby Corporation make its next earnings announcement?
Where is The Middleby Corporation's stock going? Where will The Middleby Corporation's stock price be in 2017?
8 brokers have issued 1 year price targets for The Middleby Corporation's stock. Their forecasts range from $128.00 to $157.00. On average, they expect The Middleby Corporation's stock price to reach $142.57 in the next year. View Analyst Ratings for The Middleby Corporation.
Who are some of The Middleby Corporation's key competitors?
Some companies that are related to The Middleby Corporation include Pentair PLC. (PNR), W.W. Grainger (GWW), Xylem (XYL), Packaging Corporation of America (PKG), Smith (A.O.) Corporation (AOS), Fortune Brands Home & Security (FBHS), AB SKF (SKFRY), IDEX Corporation (IEX), Alcoa Corp (AA), Avery Dennison Corporation (AVY), Sealed Air Corporation (SEE), Allegion PLC (ALLE), Crown Holdings (CCK), BPC Acquisition Corp (BERY), Nordson Corporation (NDSN), Graco (GGG), HD Supply Holdings (HDS) and Hubbell (HUBB).
Who are The Middleby Corporation's key executives?
The Middleby Corporation's management team includes the folowing people:
- Selim A. Bassoul, Chairman of the Board, President, Chief Executive Officer
- Timothy J. Fitzgerald, Chief Financial Officer, Vice President
- Martin M. Lindsay, Corporate Treasurer, Assistant Secretary
- David Brewer, Chief Operating Officer - Commercial Foodservice Equipment Group
- Gordon J. O'Brien, Lead Independent Director
- Sarah Palisi Chapin, Independent Director
- Robert Boyden Lamb, Independent Director
- Cathy L. McCarthy, Independent Director
- John R. Miller III, Independent Director
Who owns The Middleby Corporation stock?
The Middleby Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Strs Ohio (0.82%), Alta Capital Management LLC (0.64%), Nationwide Fund Advisors (0.44%), Mountain Pacific Investment Advisers Inc. ID (0.21%), Handelsinvest Investeringsforvaltning (0.13%) and Arcadia Investment Management Corp MI (0.07%). Company insiders that own The Middleby Corporation stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Philip G Putnam and Robert B Lamb. View Institutional Ownership Trends for The Middleby Corporation.
Who sold The Middleby Corporation stock? Who is selling The Middleby Corporation stock?
The Middleby Corporation's stock was sold by a variety of institutional investors in the last quarter, including Trellus Management Company LLC, Nationwide Fund Advisors, Handelsinvest Investeringsforvaltning, Weybosset Research & Management LLC, Eqis Capital Management Inc. and Tributary Capital Management LLC. Company insiders that have sold The Middleby Corporation stock in the last year include Gordon Obrien, John R Miller III, Martin M Lindsay, Philip G Putnam and Robert B Lamb. View Insider Buying and Selling for The Middleby Corporation.
Who bought The Middleby Corporation stock? Who is buying The Middleby Corporation stock?
The Middleby Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio, Mountain Pacific Investment Advisers Inc. ID, Fulton Bank N.A., Alta Capital Management LLC, Honkamp Krueger Financial Services Inc. and Arcadia Investment Management Corp MI. View Insider Buying and Selling for The Middleby Corporation.
How do I buy The Middleby Corporation stock?
Shares of The Middleby Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is The Middleby Corporation's stock price today?
MarketBeat Community Rating for The Middleby Corporation (NASDAQ MIDD)MarketBeat's community ratings are surveys of what our community members think about The Middleby Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of The Middleby Corporation stock can currently be purchased for approximately $117.05.
Consensus Ratings for The Middleby Corporation (NASDAQ:MIDD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$142.57 (21.80% upside)|Consensus Price Target History for The Middleby Corporation (NASDAQ:MIDD)
Analysts' Ratings History for The Middleby Corporation (NASDAQ:MIDD)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/27/2017||Susquehanna Bancshares Inc||Initiated Coverage||Positive -> Positive||$141.00||Medium|
|9/7/2017||Citigroup Inc.||Reiterated Rating||Neutral||$130.00||Low|
|8/15/2017||Macquarie||Upgrade||Neutral -> Outperform||$150.00||Low|
|8/11/2017||Robert W. Baird||Lower Price Target||Outperform||$145.00 -> $142.00||Low|
|8/11/2017||BMO Capital Markets||Reiterated Rating||Buy||$150.00||Medium|
|7/11/2017||Wellington Shields||Upgrade||Hold -> Gradually Accumulate||Low|
|6/29/2017||Seaport Global Securities||Initiated Coverage||Neutral||$128.00||Low|
|1/4/2017||William Blair||Reiterated Rating||Market Perform||N/A|
|9/6/2016||Deutsche Bank AG||Initiated Coverage||Hold||$123.00||N/A|
|1/14/2016||Roth Capital||Reiterated Rating||Buy||N/A|
Earnings History for The Middleby Corporation (NASDAQ:MIDD)Earnings History by Quarter for The Middleby Corporation (NASDAQ MIDD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/14/2017|| || || || || || || || |
|8/9/2017||Q2 2017||$1.38||$1.39||$587.49 million||$579.34 million||View||Listen|
|5/9/2017||Q1 2017||$1.14||$1.26||$542.50 million||$530.30 million||View||Listen|
|2/28/2017||Q4 2016||$1.27||$1.41||$578.84 million||$596.80 million||View||N/A|
|11/8/2016||Q3||$1.26||$1.34||$597.58 million||$574.22 million||View||Listen|
|5/11/2016||Q116||$0.84||$0.96||$515.56 million||$516.36 million||View||Listen|
|3/1/2016||Q4||$0.97||$0.88||$544.90 million||$534.70 million||View||Listen|
|11/10/2015||Q315||$1.06||$0.86||$451.25 million||$449.00 million||View||Listen|
|8/12/2015||Q2||$1.00||$1.02||$466.13 million||$436.30 million||View||Listen|
|5/13/2015||Q115||$0.71||$0.80||$413.76 million||$406.60 million||View||Listen|
|11/5/2014||Q314||$0.86||$1.05||$411.40 million||$404.29 million||View||Listen|
|8/6/2014||Q214||$0.75||$0.85||$407.98 million||$424.78 million||View||Listen|
|11/6/2013||Q313||$1.97||$2.18||$348.65 million||$360.01 million||View||Listen|
|8/8/2013||Q2 2013||$1.78||$2.00||$349.92 million||$363.80 million||View||Listen|
|2/26/2013||Q4 2012||$1.80||$2.03||$283.52 million||$291.61 million||View||Listen|
|11/6/2012||Q312||$1.53||$1.60||$257.38 million||$257.70 million||View||N/A|
Earnings Estimates for The Middleby Corporation (NASDAQ:MIDD)
2017 EPS Consensus Estimate: $5.45
2018 EPS Consensus Estimate: $5.95
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for The Middleby Corporation (NASDAQ:MIDD)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for The Middleby Corporation (NASDAQ:MIDD)
Insider Ownership Percentage: 2.00%Insider Trades by Quarter for The Middleby Corporation (NASDAQ:MIDD)
Institutional Ownership Percentage: 95.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/12/2017||Gordon Obrien||Director||Sell||5,600||$121.41||$679,896.00|| |
|8/28/2017||John R Miller III||Director||Sell||8,500||$118.50||$1,007,250.00|| |
|3/8/2017||Martin M Lindsay||Treasurer||Sell||10,000||$139.36||$1,393,600.00|| |
|3/8/2017||Robert B Lamb||Director||Sell||2,199||$139.42||$306,584.58|| |
|3/6/2017||Martin M Lindsay||Treasurer||Sell||5,000||$139.41||$697,050.00|| |
|12/12/2016||Philip G Putnam||Director||Sell||2,500||$139.58||$348,950.00|| |
|11/23/2016||Robert B Lamb||Director||Sell||3,422||$135.83||$464,810.26|| |
|3/18/2016||Gordon Obrien||Director||Sell||10,500||$102.70||$1,078,350.00|| |
|3/11/2016||John R Miller III||Director||Sell||10,000||$102.51||$1,025,100.00|| |
|3/7/2016||John R Miller III||Director||Sell||10,000||$101.11||$1,011,100.00|| |
|5/21/2015||Selim A Bassoul||CEO||Sell||10,000||$111.73||$1,117,300.00|| |
|5/20/2015||Selim A Bassoul||CEO||Sell||5,337||$109.70||$585,468.90|| |
|2/25/2015||Selim A Bassoul||CEO||Sell||8,340||$109.40||$912,396.00|| |
|2/18/2015||Selim A Bassoul||CEO||Sell||4,567||$104.82||$478,712.94|| |
|2/13/2015||Selim A Bassoul||CEO||Sell||36,281||$105.05||$3,811,319.05|| |
|2/12/2015||Selim A Bassoul||CEO||Sell||21,281||$103.22||$2,196,624.82|| |
|2/11/2015||Selim A Bassoul||CEO||Sell||44,290||$101.89||$4,512,708.10|| |
|1/2/2015||Selim A Bassoul||CEO||Sell||16,125||$100.02||$1,612,822.50|| |
|9/11/2013||David Brewer||COO||Sell||3,000||$204.25||$612,750.00|| |
|9/11/2013||Timothy John Fitzgerald||CFO||Sell||61,399||$193.52||$11,881,934.48|| |
|9/4/2013||Selim A Bassoul||CEO||Sell||3,874||$191.89||$743,381.86|| |
|8/26/2013||Selim Bassoul||CEO||Sell||7,200||$190.29||$1,370,088.00|| |
|8/23/2013||Selim Bassoul||CEO||Sell||7,605||$191.47||$1,456,129.35|| |
|8/22/2013||Selim Bassoul||CEO||Sell||1,979||$192.42||$380,799.18|| |
|8/21/2013||Selim Bassoul||CEO||Sell||4,992||$191.43||$955,618.56|| |
|8/20/2013||Selim Bassoul||CEO||Sell||5,724||$191.75||$1,097,577.00|| |
|8/19/2013||Selim Bassoul||CEO||Sell||5,645||$190.62||$1,076,049.90|| |
|8/16/2013||Selim Bassoul||CEO||Sell||11,295||$190.09||$2,147,066.55|| |
|8/15/2013||Selim Bassoul||CEO||Sell||16,567||$193.10||$3,199,087.70|| |
|8/14/2013||Selim Bassoul||CEO||Sell||15,320||$201.28||$3,083,609.60|| |
|8/13/2013||Selim Bassoul||CEO||Sell||30,752||$205.32||$6,314,000.64|| |
|8/12/2013||Selim Bassoul||CEO||Sell||43,464||$203.21||$8,832,319.44|| |
|7/11/2013||Selim A Bassoul||CEO||Sell||18,350||$178.33||$3,272,355.50|| |
|7/9/2013||Selim A Bassoul||CEO||Sell||15,134||$182.11||$2,756,052.74|| |
|7/8/2013||Selim A Bassoul||CEO||Sell||8,139||$180.37||$1,468,031.43|| |
|7/5/2013||Selim A Bassoul||CEO||Sell||15,325||$176.48||$2,704,556.00|| |
|7/2/2013||Selim A Bassoul||CEO||Sell||7,932||$174.72||$1,385,879.04|| |
|7/1/2013||Selim A Bassoul||CEO||Sell||7,014||$172.78||$1,211,878.92|| |
|6/28/2013||Selim A Bassoul||CEO||Sell||5,101||$172.11||$877,933.11|| |
|6/27/2013||Selim A Bassoul||CEO||Sell||7,606||$172.65||$1,313,175.90|| |
|6/19/2013||Selim A Bassoul||CEO||Sell||21,082||$170.14||$3,586,891.48|| |
|6/17/2013||Selim A Bassoul||CEO||Sell||7,636||$167.81||$1,281,397.16|| |
|6/14/2013||Selim A Bassoul||CEO||Sell||4,591||$166.87||$766,100.17|| |
|6/12/2013||Selim A Bassoul||CEO||Sell||4,547||$166.85||$758,666.95|| |
|6/10/2013||Selim A Bassoul||CEO||Sell||12,879||$167.83||$2,161,482.57|| |
|6/4/2013||Selim A Bassoul||CEO||Sell||2,980||$166.63||$496,557.40|| |
|5/29/2013||Selim A Bassoul||CEO||Sell||20,385||$168.19||$3,428,553.15|| |
|5/24/2013||Selim A Bassoul||CEO||Sell||9,510||$163.38||$1,553,743.80|| |
|5/22/2013||Selim A Bassoul||CEO||Sell||14,912||$166.34||$2,480,462.08|| |
|5/21/2013||Selim A Bassoul||CEO||Sell||35,009||$167.45||$5,862,257.05|| |
|5/17/2013||Selim A Bassoul||CEO||Sell||10,879||$163.96||$1,783,720.84|| |
|5/16/2013||Selim A Bassoul||CEO||Sell||10,800||$163.47||$1,765,476.00|| |
|5/15/2013||Selim A Bassoul||CEO||Sell||23,767||$165.20||$3,926,308.40|| |
|5/14/2013||Selim A Bassoul||CEO||Sell||38,936||$160.52||$6,250,006.72|| |
|5/10/2013||Selim A Bassoul||CEO||Sell||80,821||$158.81||$12,835,183.01|| |
|5/10/2013||Timothy John Fitzgerald||CFO||Sell||11,425||$157.50||$1,799,437.50|| |
|8/9/2012||Timothy John Fitzgerald||CFO||Sell||9,000||$108.00||$972,000.00|| |
Headline Trends for The Middleby Corporation (NASDAQ:MIDD)
Latest Headlines for The Middleby Corporation (NASDAQ:MIDD)
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The Middleby Corporation (MIDD) Chart for Monday, October, 23, 2017