Thu, Oct 30, 2014, 2:18 PM EDT - U.S. Markets close in 1 hr 42 mins

Recent

% | $
Quotes you view appear here for quick access.

Middleby Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • lner2512 lner2512 Jul 3, 2008 1:12 AM Flag

    MIDD now and near term Update

    Yahoo lists 7 analysts with consensus estimates of $.88 for 2Q and $3.68 for the year. Given its history of beating the estimates, MIDD will have to beat these numbers to arrest the continuing slide in the stock price. Even then, it may well be carried lower by the bear market. And I think there is a real possibility that STAR acquisition/restructuring costs will drag down 2Q results.

    I share your long-term bullishness, but short term I'm a bear.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I disagree with you that Middelby needs to beat estimates to prevent this slide. This slide appears to have factored in the fact that they are not going to even meet their estimate. By my calculation the current price suggests MIDD will stay flat to slightly grow (3.14-3.20 EPS)this year compared to 2007. BTW, the analysts you mention on Yahoo have an average one year target of $75 with the lowest one year analyst target being $52. None of the analysts have changed their opinion since late 2007 and on an average they have had a recommendation of buy (1.9).

      Vijay

 
MIDD
88.49+1.06(+1.21%)2:17 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.