Middleby (MIDD) to Release Quarterly Earnings on Tuesday

Middleby (NASDAQ:MIDD) is expected to be issuing its quarterly earnings data 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 Price Performance

MIDD opened at $165.26 on Tuesday. Middleby has a 52-week low of $118.41 and a 52-week high of $177.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The stock’s 50 day moving average price is $145.81 and its 200-day moving average price is $140.58. The stock has a market capitalization of $8.89 billion, a PE ratio of 22.79 and a beta of 1.64.

Analyst Upgrades and Downgrades

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

About Middleby

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.