The Middleby Corporation (MIDD) Receiving Somewhat Positive News Coverage, Study Shows
News coverage about The Middleby Corporation (NASDAQ:MIDD) has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Middleby Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.4600503724031 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Middleby Corp (NASDAQ:MIDD) Institutional Investors Sentiment … – AppsforPCdaily (appsforpcdaily.com)
- The Middleby Corporation (NASDAQ:MIDD) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- The Middleby Corporation Acquires QualServ Solutions, LLC – Business Wire (press release) (businesswire.com)
- BRIEF-Middleby Corporation acquires Qualserv Solutions (feeds.reuters.com)
Shares of The Middleby Corporation (MIDD) opened at 123.51 on Friday. The stock has a market capitalization of $7.12 billion, a PE ratio of 23.13 and a beta of 1.81. The Middleby Corporation has a 52-week low of $108.45 and a 52-week high of $150.87. The stock has a 50 day moving average price of $124.13 and a 200-day moving average price of $130.82.
The Middleby Corporation (NASDAQ:MIDD) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $579.34 million during the quarter, compared to analysts’ expectations of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. On average, equities research analysts anticipate that The Middleby Corporation will post $5.61 EPS for the current fiscal year.
A number of brokerages have issued reports on MIDD. Zacks Investment Research downgraded The Middleby Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie raised The Middleby Corporation from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Tuesday, August 15th. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of The Middleby Corporation in a report on Friday, August 11th. BidaskClub raised The Middleby Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Seaport Global Securities began coverage on The Middleby Corporation in a report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $141.71.
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In related news, Director John R. Miller III sold 8,500 shares of The Middleby Corporation stock in a transaction on Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at $1,896,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% 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.
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