The Middleby Corporation (NASDAQ:MIDD) – Equities researchers at KeyCorp reduced their Q3 2017 earnings per share estimates for The Middleby Corporation in a research note issued on Thursday. KeyCorp analyst J. Picariello now forecasts that the industrial products company will post earnings of $1.45 per share for the quarter, down from their prior forecast of $1.48. KeyCorp also issued estimates for The Middleby Corporation’s Q4 2017 earnings at $1.50 EPS, FY2017 earnings at $5.60 EPS and FY2018 earnings at $6.20 EPS.

MIDD has been the topic of a number of other reports. Zacks Investment Research lowered The Middleby Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BMO Capital Markets restated a “buy” rating and issued a $150.00 price target on shares of The Middleby Corporation in a research report on Friday. BidaskClub upgraded 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 The Middleby Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price target on the stock. Finally, Wellington Shields upgraded The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $141.67.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.watchlistnews.com/q3-2017-earnings-estimate-for-the-middleby-corporation-nasdaqmidd-issued-by-keycorp/1471766.html.

Shares of The Middleby Corporation (MIDD) opened at 120.44 on Friday. The Middleby Corporation has a one year low of $108.45 and a one year high of $150.87. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 22.90 and a beta of 1.82. The stock has a 50 day moving average price of $125.61 and a 200 day moving average price of $132.72.

The Middleby Corporation (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.12. The business had revenue of $530.30 million during the quarter, compared to analyst estimates of $542.50 million. The Middleby Corporation had a return on equity of 23.45% and a net margin of 13.16%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Korea Investment CORP bought a new position in The Middleby Corporation during the first quarter valued at about $1,023,000. Crestwood Advisors Group LLC bought a new position in The Middleby Corporation during the first quarter valued at about $150,000. Mn Services Vermogensbeheer B.V. raised its position in The Middleby Corporation by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,535 shares of the industrial products company’s stock valued at $196,000 after buying an additional 46 shares in the last quarter. Alta Capital Management LLC raised its position in The Middleby Corporation by 1.4% in the first quarter. Alta Capital Management LLC now owns 365,450 shares of the industrial products company’s stock valued at $49,865,000 after buying an additional 4,986 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in The Middleby Corporation during the first quarter valued at about $491,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

The Middleby Corporation Company Profile

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.

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

Receive News & Ratings for The Middleby Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Middleby Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.