The Middleby Corp (NASDAQ: MIDD) has reported E.P.S. of $2.15 for its second fiscal quarter (ending June 30) versus $2.18 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $7.21 versus $8.45 for the same period a year ago.
Recent Price Action
The Middleby Corp (NASDAQ: MIDD) stock enjoyed a very large increase of 6.5% on 8/1/24. The shares closed at $144.36. Moreover, trading volume in this advance was exceptionally high at 321% of normal. The stock has been weak relative to the market over the last nine months but has risen 15.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MIDD is expected to continue to be an important Value Builder.
Middleby has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Middleby has a neutral Power Rating of 53 and a neutral Appreciation Score of 57, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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