The Middleby Corporation (NASDAQ:MIDD) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media stories about The Middleby Corporation (NASDAQ:MIDD) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Middleby Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.1312316157563 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- The Middleby Corporation (NASDAQ:MIDD) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS (americanbankingnews.com)
- Head-To-Head Survey: NACCO Industries (NC) versus The Middleby Corporation (NASDAQ:MIDD) (americanbankingnews.com)
- Middleby’s Performance Lags as Its Customers Struggle (fool.com)
- Q3 2017 Earnings Estimate for The Middleby Corporation (MIDD) Issued By KeyCorp (americanbankingnews.com)
- Look for Shares of Middleby Corp to Potentially Rebound after Yesterday’s 3.95% Sell Off (mysmartrend.com)
Shares of The Middleby Corporation (NASDAQ:MIDD) traded up 1.74% during midday trading on Friday, reaching $122.53. The company had a trading volume of 1,019,378 shares. The company’s 50 day moving average price is $125.63 and its 200-day moving average price is $132.64. The company has a market capitalization of $7.02 billion, a P/E ratio of 22.95 and a beta of 1.82. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87.
The Middleby Corporation (NASDAQ:MIDD) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.01. The Middleby Corporation had a return on equity of 23.45% and a net margin of 13.16%. The company had revenue of $579.34 million for the quarter, compared to the consensus estimate of $587.49 million. On average, equities research analysts predict that The Middleby Corporation will post $5.67 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Robert W. Baird dropped their price target on The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of The Middleby Corporation in a research report on Friday. Zacks Investment Research raised The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Tuesday, July 18th. Finally, Wellington Shields raised The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $141.71.
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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