The Middleby (MIDD) Scheduled to Post Quarterly Earnings on Monday


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The Middleby (NASDAQ:MIDD) is scheduled to post its quarterly earnings results before the market opens on Monday, March 1st. Analysts expect The Middleby to post earnings of $1.40 per share for the quarter.

Shares of MIDD stock traded up $2.44 on Tuesday, reaching $136.92. 762,891 shares of the company’s stock traded hands, compared to its average volume of 877,000. The Middleby has a 12-month low of $41.73 and a 12-month high of $149.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.08. The company has a market capitalization of $7.61 billion, a P/E ratio of 28.64 and a beta of 1.77. The business’s 50 day moving average price is $135.68 and its two-hundred day moving average price is $117.84.

Several equities analysts have commented on MIDD shares. Jefferies Financial Group raised The Middleby from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $165.00 in a report on Tuesday, January 19th. KeyCorp increased their target price on The Middleby from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 18th. BMO Capital Markets upped their price target on The Middleby from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, November 9th. CL King lowered shares of The Middleby from a “buy” rating to a “neutral” rating in a research note on Friday, November 6th. Finally, TheStreet upgraded shares of The Middleby from a “c+” rating to a “b-” rating in a research note on Thursday, December 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $125.17.

About The Middleby

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of 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 conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, countertop cooking, and kitchen ventilation equipment; heated cabinets, charbroilers, ventless cooking systems, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, freezers; and soft serve ice cream, coffee and beverage dispensing, and home and professional craft brewing equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

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Earnings History for The Middleby (NASDAQ:MIDD)

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