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After finishing at $138.58 in the prior trading day, Middleby Corp. (NASDAQ: MIDD) closed at $136.28, down -1.66%. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 0.55 million shares were traded. MIDD stock price reached its highest trading level at $138.34 during the session, while it also had its lowest trading level at $134.995.
Ratios:
Our goal is to gain a better understanding of MIDD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on November 17, 2022, initiated with a Buy rating and assigned the stock a target price of $171.
On August 26, 2022, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $190.
On June 10, 2021, Barclays started tracking the stock assigning a Overweight rating and target price of $195.Barclays initiated its Overweight rating on June 10, 2021, with a $195 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when McCarthy Cathy L sold 1,000 shares for $153.12 per share. The transaction valued at 153,125 led to the insider holds 7,971 shares of the business.
Palisi Chapin Sarah sold 350 shares of MIDD for $53,015 on Feb 22 ’24. The Director now owns 6,306 shares after completing the transaction at $151.47 per share. On Dec 11 ’23, another insider, Palisi Chapin Sarah, who serves as the Director of the company, sold 150 shares for $135.55 each. As a result, the insider received 20,332 and left with 6,656 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MIDD now has a Market Capitalization of 7454910976 and an Enterprise Value of 9891341312. As of this moment, Middleby’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.98, and their Forward P/E ratio for the next fiscal year is 12.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 2.45 whereas that against EBITDA is 11.509.
Stock Price History:
Over the past 52 weeks, MIDD has reached a high of $161.01, while it has fallen to a 52-week low of $109.59. The 50-Day Moving Average of the stock is -8.57%, while the 200-Day Moving Average is calculated to be -2.07%.
Shares Statistics:
The stock has traded on average 373.73K shares per day over the past 3-months and 432020 shares per day over the last 10 days, according to various share statistics. A total of 53.60M shares are outstanding, with a floating share count of 52.96M. Insiders hold about 1.21% of the company’s shares, while institutions hold 100.71% stake in the company. Shares short for MIDD as of 1713139200 were 2412633 with a Short Ratio of 6.46, compared to 1710460800 on 2151531. Therefore, it implies a Short% of Shares Outstanding of 2412633 and a Short% of Float of 4.54.
Earnings Estimates
The dynamic stock of Middleby Corp. (MIDD) is currently attracting attention from 8.0 analysts actively involved in rating its market status.On average, analysts expect EPS of $2.46 for the current quarter, with a high estimate of $2.58 and a low estimate of $2.32, while EPS last year was $2.47. The consensus estimate for the next quarter is $2.71, with high estimates of $2.84 and low estimates of $2.62.
Analysts are recommending an EPS of between $10.5 and $9.8 for the fiscal current year, implying an average EPS of $10.15. EPS for the following year is $11.12, with 8.0 analysts recommending between $11.4 and $10.7.
Revenue Estimates
7 analysts predict $1.02B in revenue for the current quarter. It ranges from a high estimate of $1.07B to a low estimate of $992.78M. As of the current estimate, Middleby Corp.’s year-ago sales were $1.04BFor the next quarter, 7 analysts are estimating revenue of $1.04B. There is a high estimate of $1.07B for the next quarter, whereas the lowest estimate is $1B.
A total of 8 analysts have provided revenue estimates for MIDD’s current fiscal year. The highest revenue estimate was $4.15B, while the lowest revenue estimate was $3.97B, resulting in an average revenue estimate of $4.07B. In the same quarter a year ago, actual revenue was $4.04BBased on 8 analysts’ estimates, the company’s revenue will be $4.24B in the next fiscal year. The high estimate is $4.36B and the low estimate is $4.15B.
