Media coverage about The Middleby Corporation (NASDAQ:MIDD) has been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One 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 coverage optimism score of 0.14 on Alpha One’s scale. Alpha One also assigned media coverage about the industrial products company an impact score of 31 out of 100, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the next few days.
Shares of The Middleby Corporation (MIDD) traded down 0.56% during trading on Friday, reaching $131.17. 285,463 shares of the company traded hands. The Middleby Corporation has a 12 month low of $108.45 and a 12 month high of $150.87. The company has a 50-day moving average of $132.71 and a 200-day moving average of $134.95. The stock has a market capitalization of $7.55 billion, a PE ratio of 24.94 and a beta of 1.74.
The Middleby Corporation (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $530.30 million for the quarter, compared to the consensus estimate of $542.50 million. The Middleby Corporation had a net margin of 13.16% and a return on equity of 23.45%. Analysts forecast that The Middleby Corporation will post $5.72 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of The Middleby Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 target price (down from $160.00) on shares of The Middleby Corporation in a research report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $144.00.
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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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