The Middleby Corporation (NASDAQ:MIDD) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.04 per share.
Looking ahead, the full year income are expected at $ 4.34 per share on the revenues of $ 2434.72 million.
Previous Quarter Performance
The Middleby Corporation unfold income for the second quarter of $ 0.55 per share, from the revenue of $ 471.98 million. The quarterly earnings down 67.65 percent compared with the same quarter last year. Street analysts expected The Middleby Corporation to report income of $ 0.41 per share on revenue of $ 445.87 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 34.15 percent, at the same time, top line results outshined analysts by $ 26.11 million or 5.86 percent.
Stock Performance
Shares of The Middleby Corporation traded low $ -0.76 or -0.73 percent on Wednesday, reaching $ 103.15 with volume of 729.30 thousand shares. The Middleby Corporation has traded high as $ 106.02 and has cracked $ 100.11 on the downward trend
The closing price of $ 103.15, representing a 149.01 % increase from the 52 week low of $ 41.73 and a 19.12 % decrease over the 52 week high of $ 128.48.
The company has a market capital of $ 5.74 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
The Middleby Corporation will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.middleby.com
The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers foodservice equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilations, toasters, griddles, grills, mixers, refrigerators, blast chillers, coldrooms, ice machines, and freezers; steam cooking, food warming, catering, induction and countertop cooking equipment, as well as soft serve, ice cream, coffee, and beverage dispensing equipment; and stainless steel fabrication and custom millwork products.
