The 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 foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.
Read More…
Industry, Sector and Symbol
Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Phone847-741-3300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.72 billion
Profitability
Miscellaneous
Employees9,346
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
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 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 announced that its board has authorized a stock repurchase plan on Wednesday, November 15th 2017, which allows the company to repurchase 2,500,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
How were Middleby's earnings last quarter?
Middleby Corp (NASDAQ:MIDD) announced its quarterly earnings data on Wednesday, August, 7th. The industrial products company reported $1.70 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.77 by $0.07. The industrial products company earned $761 million during the quarter, compared to analyst estimates of $774.13 million. Middleby had a net margin of 11.27% and a return on equity of 21.17%. The company's revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. View Middleby's Earnings History.
When is Middleby's next earnings date?
What price target have analysts set for MIDD?
7 equities research analysts have issued 12 month price objectives for Middleby's shares. Their forecasts range from $125.00 to $160.00. On average, they anticipate Middleby's stock price to reach $144.1667 in the next year. This suggests a possible upside of 22.7% from the stock's current price. View Analyst Price Targets for Middleby.
What is the consensus analysts' recommendation for Middleby?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Middleby.
Has Middleby been receiving favorable news coverage?
Media stories about MIDD stock have been trending negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Middleby earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Middleby.
Are investors shorting Middleby?
Middleby saw a decline in short interest in August. As of August 31st, there was short interest totalling 2,475,000 shares, a decline of 18.8% from the July 31st total of 3,048,700 shares. Based on an average daily trading volume, of 417,000 shares, the short-interest ratio is presently 5.9 days. Currently, 4.5% of the shares of the stock are sold short. View Middleby's Current Options Chain.
Who are some of Middleby's key competitors?
Some companies that are related to Middleby include Cintas (CTAS), ASSA ABLOY AB/S (ASAZY), Ball (BLL), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Komatsu (KMTUY), SANDVIK AB/ADR (SDVKY), Kubota (KUBTY), Rockwell Automation (ROK), BAE Systems (BA), Ferguson (FERGY), W W Grainger (GWW), Rolls-Royce (RR), Dover (DOV) and ASHTEAD GRP PLC/ADR (ASHTY).
What other stocks do shareholders of Middleby own?
Who are Middleby's key executives?
Middleby's management team includes the folowing people:
- Mr. Timothy J. FitzGerald, CEO & Director (Age 49)
- Mr. David Brewer, Exec. VP & COO (Age 62)
- Mr. Selim A. Bassoul, Consultant (Age 62)
- Mr. Martin M. Lindsay, VP, Treasurer & Sec. (Age 54)
- Mr. Bryan E. Mittelman, Chief Financial Officer (Age 48)
Who are Middleby's major shareholders?
Middleby's stock is owned by many different of institutional and retail investors. Top institutional shareholders include EdgePoint Investment Group Inc. (9.60%), Vanguard Group Inc. (8.85%), Fiera Capital Corp (5.21%), BlackRock Inc. (4.96%), BlackRock Inc. (4.96%) and Janus Henderson Group PLC (4.60%). Company insiders that own Middleby stock include Chapin Sarah Palisi, John R Miller III, Martin M Lindsay, Nassem Ziyad and Robert A Nerbonne. 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 Bares Capital Management Inc., EdgePoint Investment Group Inc., Point72 Asset Management L.P., Price T Rowe Associates Inc. MD, SG Americas Securities LLC, Ellis Investment Partners LLC, Westpac Banking Corp and Daiwa Securities Group Inc.. Company insiders that have sold Middleby company stock in the last year include Chapin Sarah Palisi and John R Miller III. View Insider Buying and Selling for Middleby.
Which major investors are buying Middleby stock?
MIDD stock was purchased by a variety of institutional investors in the last quarter, including Eminence Capital LP, Nuveen Asset Management LLC, Renaissance Technologies LLC, Wells Fargo & Company MN, Janus Henderson Group PLC, Janus Henderson Group PLC, Victory Capital Management Inc. and Pictet Asset Management Ltd.. Company insiders that have bought Middleby stock in the last two years include Nassem Ziyad and Robert A Nerbonne. 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, Robinhood, Fidelity and Charles Schwab.
What is Middleby's stock price today?
One share of MIDD stock can currently be purchased for approximately $117.52.
How big of a company is Middleby?
Middleby has a market capitalization of $6.54 billion and generates $2.72 billion in revenue each year. The industrial products company earns $317.15 million in net income (profit) each year or $6.10 on an earnings per share basis. Middleby employs 9,346 workers across the globe.View Additional Information About Middleby.
What is Middleby's official website?
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)
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.
