Analysts See $1.57 EPS for The Middleby Corporation (MIDD)

October 11, 2018 - By Vivian Park

The Middleby Corporation (NASDAQ:MIDD) LogoInvestors sentiment decreased to 0.68 in Q2 2018. Its down 0.09, from 0.77 in 2018Q1. It turned negative, as 40 investors sold The Middleby Corporation shares while 118 reduced holdings. 38 funds opened positions while 69 raised stakes. 58.74 million shares or 6.04% more from 55.39 million shares in 2018Q1 were reported.
Hills Bank Tru Company reported 0.16% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Advisory Ntwk Limited Liability Co reported 289 shares or 0% of all its holdings. Stone Run Ltd Liability Corp invested in 1.91% or 34,765 shares. 54,507 are held by State Of Wisconsin Inv Board. Parametric Portfolio Assoc Ltd Liability Corp holds 279,979 shares or 0.03% of its portfolio. Moreover, Tobam has 0.1% invested in The Middleby Corporation (NASDAQ:MIDD) for 24,180 shares. Jpmorgan Chase And Company invested in 1.47M shares or 0.03% of the stock. Lpl Financial Limited Liability Co holds 5,259 shares. Trillium Asset Mngmt Ltd holds 0.75% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 133,503 shares. Shine Invest Advisory Service Inc holds 0% or 53 shares in its portfolio. Vision Capital Incorporated reported 13,159 shares. Sei Invs reported 13,771 shares or 0% of all its holdings. Moreover, M&T Bank Corp has 0% invested in The Middleby Corporation (NASDAQ:MIDD) for 7,679 shares. Aperio Gru Lc reported 15,920 shares or 0.01% of all its holdings. Incline Global Mngmt Lc accumulated 626,430 shares.

Analysts expect The Middleby Corporation (NASDAQ:MIDD) to report $1.57 EPS on November, 6.They anticipate $0.21 EPS change or 15.44 % from last quarter’s $1.36 EPS. MIDD’s profit would be $87.48M giving it 18.73 P/E if the $1.57 EPS is correct. After having $1.63 EPS previously, The Middleby Corporation’s analysts see -3.68 % EPS growth. The stock decreased 3.38% or $4.11 during the last trading session, reaching $117.6. About 608,653 shares traded or 13.87% up from the average. The Middleby Corporation (NASDAQ:MIDD) has risen 3.46% since October 11, 2017 and is uptrending. It has underperformed by 12.16% the S&P500.

The Middleby Corporation (NASDAQ:MIDD) Ratings Coverage

Among 3 analysts covering The Middleby (NASDAQ:MIDD), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. The Middleby had 7 analyst reports since May 10, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Friday, June 8. The firm has “Neutral” rating by Robert W. Baird given on Thursday, August 9. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Neutral” rating given on Friday, September 14 by Citigroup. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Neutral” rating by Robert W. Baird on Thursday, May 10. Citigroup maintained The Middleby Corporation (NASDAQ:MIDD) on Wednesday, August 15 with “Neutral” rating. On Monday, September 24 the stock rating was upgraded by Buckingham Research to “Buy”.

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company has market cap of $6.55 billion. The Company’s Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. It has a 21.97 P/E ratio. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; and ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and beverage dispensing equipment.

Another recent and important The Middleby Corporation (NASDAQ:MIDD) news was published by Seekingalpha.com which published an article titled: “Middleby acquires M-TEK” on October 02, 2018.

The Middleby Corporation (NASDAQ:MIDD) Institutional Positions Chart

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