Reasons Why You Should Avoid Betting on Middleby (MIDD) Stock [Yahoo! Finance]
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=85145&p=irol-irhome
Company Research
Source: Yahoo! Finance
Let's discuss the factors that might continue taking a toll on this Zacks Rank #5 (Strong Sell) company. Business Weakness: Middleby has been witnessing weakness in the Residential Kitchen Equipment Group segment of late. Lower demand for residential kitchen products, due to weakness in the housing market, amid lower existing and new home sales, is affecting the performance of the segment. This is reflected in the segment's results, which declined 21% year over year in the first quarter of 2024. Also, softness in the restaurant industry, due to declining traffic, high wages and food cost inflation, is affecting the demand for the company's products within the Commercial Foodservice Equipment Group segment. The segment's revenues declined 3.8% year over year in the first quarter. High Long-term Debt: The company's long-term debt in the last five years (2019-2023) witnessed a CAGR of 27.3%. At the end of the first quarter, the metric remained high at $2.4 billion, stable on a seque
Show less
Read more
Impact Snapshot
Event Time:
MIDD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MIDD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MIDD alerts
High impacting The Middleby Corporation news events
Weekly update
A roundup of the hottest topics
MIDD
News
- Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy ManagementPR Newswire
- Global Beverage Fridge Market Size To Worth USD 10.82 Billion By 2033 | CAGR Of 5.31% [Yahoo! Finance]Yahoo! Finance
- The Middleby Co. (NASDAQ: MIDD) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $164.00 price target on the stock.MarketBeat
- $21M expansion to add 200 jobs at Greenville refrigeration plant [Yahoo! Finance]Yahoo! Finance
- Middleby Corporation (MIDD): A Good Stock to Buy According to Value Investor Oilfield Partners? [Yahoo! Finance]Yahoo! Finance
MIDD
Earnings
- 8/1/24 - Beat
MIDD
Sec Filings
- 8/16/24 - Form 4
- 8/8/24 - Form 10-Q
- 8/1/24 - Form 8-K
- MIDD's page on the SEC website