About Middleby (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
Industry Appliances, Tools & Housewares
SectorCyclical Consumer Goods & Services
Trailing P/E Ratio25.1353383458647
Forward P/E Ratio24.81
Sales & Book Value
Annual Sales$2.27 billion
Price / Sales3.30
Cash Flow$5.97 per share
Price / Cash22.39
Book Value$21.99 per share
Price / Book6.08
Net Income$284.21 million
Return on Equity21.87%
Return on Assets9.45%
Middleby (NASDAQ:MIDD) Frequently Asked Questions
What is Middleby's stock symbol?
Middleby trades on the NASDAQ under the ticker symbol "MIDD."
When did Middleby's stock split? How did Middleby's stock split work?
Shares of Middleby split before market open on 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 closing bell on Thursday, June 26th 2014. An investor that had 100 shares of Middleby stock prior to the split would have 300 shares after the split.
How will Middleby's stock buyback program work?
Middleby announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 15th 2017, which allows the company to buyback 2,500,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
How were Middleby's earnings last quarter?
Middleby Corp (NASDAQ:MIDD) posted its earnings results on Wednesday, August, 9th. The industrial products company reported $1.39 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.38 by $0.01. The industrial products company had revenue of $579.34 million for the quarter, compared to analyst estimates of $587.49 million. Middleby had a return on equity of 21.87% and a net margin of 12.59%. View Middleby's Earnings History.
When will Middleby make its next earnings announcement?
Where is Middleby's stock going? Where will Middleby's stock price be in 2018?
7 equities research analysts have issued 12-month target prices for Middleby's shares. Their forecasts range from $110.00 to $150.00. On average, they expect Middleby's share price to reach $138.00 in the next twelve months. View Analyst Ratings for Middleby.
Who are some of Middleby's key competitors?
Some companies that are related to Middleby include Restaurant Brands International (QSR), Tapestry (TPR), Viacom (VIAB), Genuine Parts (GPC), Melco Resorts & Entertainment (MLCO), Lennar (LEN), L Brands (LB), Norwegian Cruise Line (NCLH), Newell Brands (NWL), Masco (MAS), Ferguson (FERG), LKQ (LKQ), Lear (LEA), Autoliv (ALV), Ulta Beauty (ULTA), ZF TRW Automotive (TRW), Take-Two Interactive Software (TTWO) and InterContinental Hotels Group (IHG).
Who are Middleby's key executives?
Middleby's management team includes the folowing people:
- Selim A. Bassoul, Chairman of the Board, President, Chief Executive Officer (Age 60)
- Timothy J. Fitzgerald, Chief Financial Officer, Vice President (Age 47)
- Martin M. Lindsay, Corporate Treasurer, Assistant Secretary (Age 52)
- David Brewer, Chief Operating Officer - Commercial Foodservice Equipment Group (Age 60)
- Gordon J. O'Brien, Lead Independent Director (Age 51)
- Sarah Palisi Chapin, Independent Director (Age 55)
- Robert Boyden Lamb, Independent Director (Age 75)
- Cathy L. McCarthy, Independent Director (Age 69)
- John R. Miller III, Independent Director (Age 76)
Who owns Middleby stock?
Middleby's stock is owned by many different of institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (6.16%), BlackRock Inc. (4.85%), CI Global Investments Inc. (4.61%), William Blair Investment Management LLC (3.29%), Disciplined Growth Investors Inc. MN (2.92%) and American Century Companies Inc. (2.30%). Company insiders that own Middleby stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Philip G Putnam and Robert B Lamb. View Institutional Ownership Trends for Middleby.
Who sold Middleby stock? Who is selling Middleby stock?
Middleby's stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Bamco Inc. NY, Brown Advisory Inc., Waratah Capital Advisors Ltd., GW&K Investment Management LLC, South Texas Money Management Ltd., American Century Companies Inc. and William Blair Investment Management LLC. Company insiders that have sold Middleby company stock in the last year include Gordon Obrien, John R Miller III, Martin M Lindsay and Robert B Lamb. View Insider Buying and Selling for Middleby.
Who bought Middleby stock? Who is buying Middleby stock?
Middleby's stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, CI Global Investments Inc., Vaughan Nelson Investment Management L.P., TimesSquare Capital Management LLC, Empire Life Investments Inc., Amundi Pioneer Asset Management Inc., Strs Ohio and Schroder Investment Management Group. View Insider Buying and Selling for Middleby.
How do I buy Middleby stock?
Shares of Middleby can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Middleby's stock price today?
One share of Middleby stock can currently be purchased for approximately $133.72.
How big of a company is Middleby?
Middleby has a market capitalization of $7.48 billion and generates $2.27 billion in revenue each year. The industrial products company earns $284.21 million in net income (profit) each year or $5.32 on an earnings per share basis. Middleby employs 3,886 workers across the globe.
How can I contact Middleby?
Middleby's mailing address is 1400 Toastmaster Dr, ELGIN, IL 60120-9274, United States. The industrial products company can be reached via phone at +1-847-7413300 or via email at [email protected]
MarketBeat Community Rating for Middleby (MIDD)MarketBeat's community ratings are surveys of what our community members think about Middleby 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.
Middleby (NASDAQ:MIDD) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.57||2.63||2.56||2.50|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$138.00||$136.63||$136.63||$141.67|
|Price Target Upside: ||1.28% upside||22.85% upside||22.85% upside||20.30% upside|
Middleby (NASDAQ:MIDD) Consensus Price Target History
Middleby (NASDAQ:MIDD) Analyst Ratings History
(Data available from 2/20/2016 forward)
Middleby (NASDAQ:MIDD) Earnings History and Estimates Chart
Middleby (NASDAQ MIDD) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017||Q3 2017||$1.41||$1.36||$588.17 million||$593.04 million||View||N/A|
|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|
|8/10/2016||Q2 2016||$1.09||$1.35||$560.80 million||$580.46 million||View||N/A|
|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|
|3/3/2015||Q4 2014||$0.97||$0.91||$427.80 million||$435.00 million||View||N/A|
|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|
|5/7/2014||Q1 2014||$0.69||$0.59||$360.65 million||$372.48 million||View||N/A|
|2/25/2014||Q4 2013||$0.74||$0.87||$366.55 million||$377.42 million||View||N/A|
|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|
|5/8/2013||Q1 2013||$0.43||$0.46||$313.83 million||$327.45 million||View||N/A|
|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|
Middleby (NASDAQ:MIDD) Earnings Estimates
2018 EPS Consensus Estimate: $5.87
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Middleby (NASDAQ:MIDD)
No dividend announcements for this company have been tracked by MarketBeat.com
Middleby (NASDAQ MIDD) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 99.85%
Middleby (NASDAQ MIDD) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/15/2017||Martin M Lindsay||Treasurer||Sell||10,000||$129.50||$1,295,000.00||61,726|| |
|9/12/2017||Gordon Obrien||Director||Sell||5,600||$121.41||$679,896.00||11,050|| |
|8/28/2017||John R Miller III||Director||Sell||8,500||$118.50||$1,007,250.00||16,000|| |
|3/8/2017||Martin M Lindsay||Treasurer||Sell||10,000||$139.36||$1,393,600.00||76,682|| |
|3/8/2017||Robert B Lamb||Director||Sell||2,199||$139.42||$306,584.58||12,879|| |
|3/6/2017||Martin M Lindsay||Treasurer||Sell||5,000||$139.41||$697,050.00||76,682|| |
|12/12/2016||Philip G Putnam||Director||Sell||2,500||$139.58||$348,950.00||13,400|| |
|11/23/2016||Robert B Lamb||Director||Sell||3,422||$135.83||$464,810.26||15,078|| |
|3/18/2016||Gordon Obrien||Director||Sell||10,500||$102.70||$1,078,350.00||43,750|| |
|3/11/2016||John R Miller III||Director||Sell||10,000||$102.51||$1,025,100.00||22,500|| |
|3/7/2016||John R Miller III||Director||Sell||10,000||$101.11||$1,011,100.00||22,500|| |
|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||8,890|| |
|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||69,742|| |
|8/23/2013||Selim Bassoul||CEO||Sell||7,605||$191.47||$1,456,129.35||76,942|| |
|8/22/2013||Selim Bassoul||CEO||Sell||1,979||$192.42||$380,799.18||84,547|| |
|8/21/2013||Selim Bassoul||CEO||Sell||4,992||$191.43||$955,618.56||86,526|| |
|8/20/2013||Selim Bassoul||CEO||Sell||5,724||$191.75||$1,097,577.00||91,518|| |
|8/19/2013||Selim Bassoul||CEO||Sell||5,645||$190.62||$1,076,049.90||97,242|| |
|8/16/2013||Selim Bassoul||CEO||Sell||11,295||$190.09||$2,147,066.55||102,887|| |
|8/15/2013||Selim Bassoul||CEO||Sell||16,567||$193.10||$3,199,087.70||114,182|| |
|8/14/2013||Selim Bassoul||CEO||Sell||15,320||$201.28||$3,083,609.60||130,749|| |
|8/13/2013||Selim Bassoul||CEO||Sell||30,752||$205.32||$6,314,000.64||146,069|| |
|8/12/2013||Selim Bassoul||CEO||Sell||43,464||$203.21||$8,832,319.44||176,821|| |
|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|| |
Middleby (NASDAQ MIDD) News Headlines
Middleby (NASDAQ:MIDD) SEC Filings
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Middleby (NASDAQ:MIDD) Income Statement, Balance Sheet and Cash Flow Statement
Middleby (NASDAQ MIDD) Stock Chart for Tuesday, February, 20, 2018