Middleby (MIDD) Projected to Post Earnings on Tuesday

Middleby (NASDAQ:MIDD) will likely 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

NASDAQ:MIDD opened at $165.26 on Tuesday. The stock has a 50 day moving average of $145.81 and a two-hundred day moving average of $140.58. Middleby has a 12 month low of $118.41 and a 12 month high of $177.90. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The firm has a market cap of $8.89 billion, a P/E ratio of 22.79 and a beta of 1.64.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MIDD shares. Robert W. Baird upped their price target on Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Middleby in a report on Thursday, December 12th. Canaccord Genuity Group boosted their price target on shares of Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a research report 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. Finally, KeyCorp raised their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.