Middleby (MIDD) Projected to Post Earnings on Tuesday

Middleby (NASDAQ:MIDD - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, February 18th. Analysts expect Middleby to post earnings of $2.55 per share and revenue of $996.69 million for the quarter.

Middleby Stock Performance

Shares of MIDD stock traded up $1.33 during trading hours on Friday, reaching $168.33. The company had a trading volume of 636,889 shares, compared to its average volume of 847,376. The business has a fifty day moving average price of $147.73 and a 200-day moving average price of $141.42. Middleby has a one year low of $118.41 and a one year high of $177.90. The firm has a market cap of $9.05 billion, a PE ratio of 23.22 and a beta of 1.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MIDD. KeyCorp boosted their target price on shares of Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. StockNews.com lowered shares of Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Middleby from $134.00 to $145.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $160.00 price target (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. Finally, Robert W. Baird upped their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $178.83.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.