Wall Street brokerages predict that The Middleby Corporation (NASDAQ:MIDD) will announce earnings of $1.43 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for The Middleby Corporation’s earnings. The lowest EPS estimate is $1.41 and the highest is $1.45. The Middleby Corporation posted earnings per share of $1.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next earnings report on Tuesday, November 14th.

On average, analysts expect that The Middleby Corporation will report full-year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.58 to $5.60. For the next fiscal year, analysts forecast that the business will post earnings of $6.11 per share, with EPS estimates ranging from $5.95 to $6.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow The Middleby Corporation.

The Middleby Corporation (NASDAQ:MIDD) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The Middleby Corporation had a net margin of 13.38% and a return on equity of 23.05%. The business had revenue of $579.34 million during the quarter, compared to the consensus estimate of $587.49 million.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of The Middleby Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. BMO Capital Markets restated an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of The Middleby Corporation in a research report on Wednesday, May 17th. BidaskClub upgraded shares of The Middleby Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Seaport Global Securities assumed coverage on shares of The Middleby Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price objective on the stock. Finally, Robert W. Baird decreased their price objective on shares of The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $141.71.

Shares of The Middleby Corporation (NASDAQ:MIDD) traded up 1.41% on Wednesday, reaching $118.70. 461,199 shares of the company’s stock traded hands. The firm has a market cap of $6.84 billion, a P/E ratio of 22.23 and a beta of 1.82. The company’s 50-day moving average price is $124.24 and its 200 day moving average price is $131.44. The Middleby Corporation has a one year low of $108.45 and a one year high of $150.87.

Several institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its position in shares of The Middleby Corporation by 5.7% in the first quarter. Great West Life Assurance Co. Can now owns 18,871 shares of the industrial products company’s stock valued at $2,572,000 after buying an additional 1,011 shares in the last quarter. World Asset Management Inc boosted its position in shares of The Middleby Corporation by 27.0% in the first quarter. World Asset Management Inc now owns 2,564 shares of the industrial products company’s stock valued at $350,000 after buying an additional 545 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of The Middleby Corporation by 117.2% in the first quarter. Prudential Financial Inc. now owns 8,340 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 4,500 shares in the last quarter. Clinton Group Inc. boosted its position in shares of The Middleby Corporation by 467.4% in the first quarter. Clinton Group Inc. now owns 15,160 shares of the industrial products company’s stock valued at $2,069,000 after buying an additional 12,488 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its position in shares of The Middleby Corporation by 13.5% in the second quarter. Congress Asset Management Co. MA now owns 539,471 shares of the industrial products company’s stock valued at $65,551,000 after buying an additional 64,323 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

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About The Middleby Corporation

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.

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Earnings History and Estimates for The Middleby Corporation (NASDAQ:MIDD)

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