Middleby (MIDD) Projected to Post Quarterly Earnings on Tuesday

Middleby (NASDAQ:MIDD) is projected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $2.55 per share and revenue of $996.69 million for the quarter.

Middleby Trading Up 0.8 %

Shares of MIDD stock opened at $168.33 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The firm has a market cap of $9.05 billion, a PE ratio of 23.22 and a beta of 1.64. The company has a 50-day moving average of $147.73 and a two-hundred day moving average of $141.46. Middleby has a 1-year low of $118.41 and a 1-year high of $177.90.

Analysts Set New Price Targets

Several research analysts have weighed in on MIDD shares. KeyCorp increased their target price on shares of Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Middleby from $134.00 to $145.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Robert W. Baird increased their target price on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Canaccord Genuity Group raised their price objective on shares of Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Middleby has a consensus rating of “Hold” and an average target price of $178.83.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.