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

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$109.35 -0.95 (-0.86 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$109.35
Today's Range$108.6550 - $112.23
52-Week Range$98.06 - $138.89
Volume290,073 shs
Average Volume336,244 shs
Market Capitalization$6.16 billion
P/E Ratio17.75
Dividend YieldN/A
Beta1.88
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 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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.24
Current Ratio1.88
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio17.75
Forward P/E Ratio18.26
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.34 billion
Price / Sales2.61
Cash Flow$7.4287 per share
Price / Cash Flow14.72
Book Value$24.34 per share
Price / Book4.49

Profitability

EPS (Most Recent Fiscal Year)$6.16
Net Income$298.12 million
Net Margins11.45%
Return on Equity22.14%
Return on Assets8.16%

Miscellaneous

Employees4,496
Outstanding Shares55,850,000
Market Cap$6.16 billion
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?

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 minted 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 approved a stock buyback program 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) issued its quarterly earnings data on Wednesday, November, 7th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by $0.01. The industrial products company earned $713.30 million during the quarter, compared to analyst estimates of $731.46 million. Middleby had a return on equity of 22.14% and a net margin of 11.45%. The business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. View Middleby's Earnings History.

When is Middleby's next earnings date?

Middleby is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Middleby.

What price target have analysts set for MIDD?

6 brokers have issued 1-year price objectives for Middleby's stock. Their forecasts range from $117.00 to $174.00. On average, they anticipate Middleby's share price to reach $140.00 in the next twelve months. This suggests a possible upside of 28.0% 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 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Middleby.

Has Middleby been receiving favorable news coverage?

Media headlines about MIDD stock have been trending somewhat positive on Saturday, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Middleby earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.

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)

Who are Middleby's major shareholders?

Middleby's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc (8.52%), Vanguard Group Inc. (8.52%), Capital Research Global Investors (6.66%), BlackRock Inc. (4.80%), Janus Henderson Group PLC (4.31%) and CI Global Investments Inc. (3.94%). Company insiders that own Middleby stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Nassem Ziyad 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 Wells Fargo & Company MN, Janus Henderson Group PLC, Handelsbanken Fonder AB, JPMorgan Chase & Co., American Century Companies Inc., Mitsubishi UFJ Trust & Banking Corp, Bamco Inc. NY and CI Global Investments Inc.. View Insider Buying and Selling for Middleby.

Which major investors are buying Middleby stock?

MIDD stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, First Trust Advisors LP, Epoch Investment Partners Inc., William Blair Investment Management LLC, Castleark Management LLC, Tobam, Howe & Rusling Inc. and Vanguard Group Inc. 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 $109.35.

How big of a company is Middleby?

Middleby has a market capitalization of $6.16 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 $6.16 on an earnings per share basis. Middleby employs 4,496 workers across the globe.

What is Middleby's official website?

The official website for Middleby is http://www.middleby.com.

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:  2.2 out of 5 (star star)
Outperform Votes:  254 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  588
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 12/15/2018 by MarketBeat.com Staff

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