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
Trailing P/E Ratio23.41
Forward P/E Ratio19.76
Sales & Book Value
Annual Sales$2.34 billion
Price / Sales3.06
Cash Flow$7.47 per share
Price / Cash17.16
Book Value$24.34 per share
Price / Book5.27
Net Income$298.12 million
Return on Equity22.98%
Return on Assets9.87%
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 on the morning of Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly issued 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 has initiated a stock repurchase program on Wednesday, November 15th 2017, which permits the company to buyback 2,500,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Middleby's earnings last quarter?
Middleby Corp (NASDAQ:MIDD) issued its earnings results on Tuesday, February, 27th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $1.48. The industrial products company earned $632.86 million during the quarter, compared to analyst estimates of $646.83 million. Middleby had a net margin of 12.77% and a return on equity of 22.98%. 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?
8 Wall Street analysts have issued 1 year target prices for Middleby's stock. Their predictions range from $110.00 to $160.00. On average, they anticipate Middleby's stock price to reach $138.71 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 Xylem (XYL), Pentair plc. Ordinary Share (PNR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Zebra Technologies (ZBRA), Lincoln Electric (LECO), Flowserve (FLS), Kawasaki Heavy Industries (KWHIY), AGCO (AGCO), Metso Oyj (MXCYY), Colfax (CFX), John Bean Technologies (JBT), Kennametal (KMT), Barnes Group (B), Terex (TEX), RBC Bearings (ROLL) and Welbilt (WBT).
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)
Has Middleby been receiving favorable news coverage?
Media coverage about MIDD stock has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Middleby earned a coverage optimism score of 0.02 on Accern's scale. They also gave news coverage about the industrial products company an impact score of 46.80 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Middleby's major shareholders?
Middleby's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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, Nassem Ziyad, Philip G Putnam and Robert B Lamb. View Institutional Ownership Trends for Middleby.
Which major investors are selling Middleby stock?
MIDD 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 and Martin M Lindsay. View Insider Buying and Selling for Middleby.
Which major investors are buying Middleby stock?
MIDD stock was acquired 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 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 $128.25.
How big of a company is Middleby?
Middleby has a market capitalization of $7.16 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 $5.25 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 (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: ||2.50||2.57||2.56||2.57|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
4 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)|
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$138.71||$138.00||$136.63||$142.83|
|Price Target Upside: ||8.16% upside||1.28% upside||22.85% upside||19.97% upside|
Middleby (NASDAQ:MIDD) Consensus Price Target History
Middleby (NASDAQ:MIDD) Analyst Ratings History
(Data available from 3/22/2016 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|
|2/27/2018||Q4 2017||$1.48||$1.48||$646.83 million||$632.86 million||View||N/A|
|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: $6.42
2019 EPS Consensus Estimate: $7.07
(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%
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|
|11/16/2018||Nassem Ziyad||Director||Buy||1,000||$111.00||$111,000.00||2,000|| |
|3/8/2018||Nassem Ziyad||Director||Buy||2,000||$118.50||$237,000.00||2,000|| |
|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 Thursday, March, 22, 2018