Brokerages Expect Middleby Corp (MIDD) to Announce $1.63 EPS
Analysts forecast that Middleby Corp (NASDAQ:MIDD) will post earnings of $1.63 per share for the current quarter, Zacks reports. Four analysts have made estimates for Middleby’s earnings. The highest EPS estimate is $1.68 and the lowest is $1.55. Middleby reported earnings per share of $1.48 during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The business is scheduled to report its next earnings report on Tuesday, February 26th.
On average, analysts expect that Middleby will report full year earnings of $5.98 per share for the current year, with EPS estimates ranging from $5.89 to $6.05. For the next fiscal year, analysts anticipate that the business will report earnings of $6.95 per share, with EPS estimates ranging from $6.70 to $7.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Middleby.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Middleby from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Seaport Global Securities upgraded Middleby from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 14th. BidaskClub upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. TheStreet upgraded Middleby from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Finally, Robert W. Baird upgraded Middleby from a “neutral” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Tuesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $140.50.
Shares of MIDD stock traded up $2.21 on Tuesday, hitting $126.27. The stock had a trading volume of 315,978 shares, compared to its average volume of 395,000. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.88 and a quick ratio of 0.99. The company has a market capitalization of $7.05 billion, a P/E ratio of 20.50 and a beta of 1.90. Middleby has a one year low of $96.65 and a one year high of $137.16.
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.
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