NASDAQ:MIDD - Middleby Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$117.01 +1.12 (+0.97 %)
(As of 08/21/2018 01:50 AM ET)
Previous Close$115.89
Today's Range$115.63 - $117.40
52-Week Range$98.06 - $138.89
Volume356,500 shs
Average Volume664,583 shs
Market Capitalization$6.48 billion
P/E Ratio18.81
Dividend YieldN/A
Beta1.73
Middleby logoThe Middleby Corporation designs, manufactures, markets, distributes, and services 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 cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilations, toasters, griddles, mixers, refrigerators, blast chillers, coldrooms, ice machines, and freezers; steam cooking, food warming, catering, induction and countertop cooking, and coffee and beverage dispensing equipment; and stainless steel fabrication and custom millwork products. The company's Food Processing Equipment Group segment offers processing solutions for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. This segment provides batch, baking, proofing, conveyor, and continuous processing ovens; frying and automated thermal processing systems; grinders, slicers, reduction and emulsion systems, mixers, blenders, water cutting systems, food presses, and automated loading and unloading systems; and various battering and breading, seeding, food suspension and forming, food safety and handling, freezing, defrosting, and packaging equipment. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.

Receive MIDD News and Ratings via Email

Sign-up to receive the latest news and ratings for MIDD and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNASDAQ:MIDD
CUSIP59627810
Phone847-741-3300

Debt

Debt-to-Equity Ratio1.37
Current Ratio1.94
Quick Ratio1.06

Price-To-Earnings

Trailing P/E Ratio18.81
Forward P/E Ratio19.47
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.34 billion
Price / Sales2.79
Cash Flow$7.5393 per share
Price / Cash15.52
Book Value$24.34 per share
Price / Book4.81

Profitability

EPS (Most Recent Fiscal Year)$6.16
Net Income$298.12 million
Net Margins12.07%
Return on Equity22.52%
Return on Assets8.68%

Miscellaneous

Employees4,496
Outstanding Shares55,720,000
Market Cap$6.48 billion

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?

Middleby's stock 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 market closes 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 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th 2017, which authorizes the company to buyback 2,500,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) released its quarterly earnings results on Wednesday, August, 8th. The industrial products company reported $1.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.55 by $0.04. The industrial products company earned $668.13 million during the quarter, compared to the consensus estimate of $645.88 million. Middleby had a net margin of 12.07% and a return on equity of 22.52%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. View Middleby's Earnings History.

When is Middleby's next earnings date?

Middleby is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Middleby.

What price target have analysts set for MIDD?

6 analysts have issued twelve-month price targets for Middleby's stock. Their predictions range from $110.00 to $149.00. On average, they expect Middleby's share price to reach $125.1667 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Middleby.

What is the consensus analysts' recommendation for Middleby?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Middleby.

Who are some of Middleby's key competitors?

Who are Middleby's key executives?

Middleby's management team includes the folowing people:
  • Mr. Selim A. Bassoul, Chairman, Pres & CEO (Age 61)
  • Mr. Timothy J. FitzGerald, VP & CFO (Age 48)
  • Mr. David Brewer, Chief Operating Officer of Commercial Foodservice Equipment (Age 61)
  • Mr. Martin M. Lindsay, Corp. Treasurer & Assistant Sec. (Age 53)
  • Mr. Bryan E. Mittelman, Chief Accounting Officer (Age 47)

Has Middleby been receiving favorable news coverage?

News headlines about MIDD stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middleby earned a news and rumor sentiment score of 0.15 on Accern's scale. They also assigned press coverage about the industrial products company an impact score of 46.88 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Middleby.

Who are Middleby's major shareholders?

Middleby's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include EdgePoint Investment Group Inc. (8.98%), Fiera Capital Corp (5.11%), Janus Henderson Group PLC (4.82%), BlackRock Inc. (4.81%), Disciplined Growth Investors Inc. MN (2.83%) and Waddell & Reed Financial Inc. (1.43%). Company insiders that own Middleby stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Nassem Ziyad, Philip G Putnam and Robert B Lamb. View Institutional Ownership Trends for Middleby.

Which institutional investors are selling Middleby stock?

MIDD stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Public Employees Retirement Association of Colorado, Point72 Asset Management L.P., American Century Companies Inc., Handelsbanken Fonder AB, Russell Investments Group Ltd., Vaughan Nelson Investment Management L.P. and Bank of America Corp DE. Company insiders that have sold Middleby company stock in the last year include Gordon Obrien, John R Miller III and Martin M Lindsay. View Insider Buying and Selling for Middleby.

Which institutional investors are buying Middleby stock?

MIDD stock was bought by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Janus Henderson Group PLC, Waddell & Reed Financial Inc., Bank of Montreal Can, BTIM Corp., Welch & Forbes LLC, Fiera Capital Corp and PenderFund Capital Management Ltd.. View Insider Buying and Selling for Middleby.

How do I buy shares of Middleby?

Shares of MIDD 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 MIDD stock can currently be purchased for approximately $117.01.

How big of a company is Middleby?

Middleby has a market capitalization of $6.48 billion and generates $2.34 billion in revenue each year. The industrial products company earns $298.12 million in net income (profit) each year or $6.16 on an earnings per share basis. Middleby employs 4,496 workers across the globe.

How can I contact Middleby?

Middleby's mailing address is 1400 TOASTMASTER DRIVE, ELGIN IL, 60120. The industrial products company can be reached via phone at 847-741-3300 or via email at [email protected]


MarketBeat Community Rating for Middleby (NASDAQ MIDD)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  564
MarketBeat's community ratings are surveys of what our community members think about Middleby and other stocks. Vote "Outperform" if you believe MIDD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIDD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/21/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel