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The Middleby Corporation

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Over the past three months, Middleby’s shares have outperformed the industry. The company reported better-than-expected second-quarter 2018 results. Stronger demand from chain restaurant customers, strength in Viking business, new product launches and ongoing consolidation efforts are expected to boost up the company’s revenues in the quarters ahead. On the other hand, lower corporate taxes and improved top line performance would likely improve profitability in the near-term quarters. The company also believes that its strategic business acquisitions and new capital expenditure programs will prove beneficial going forward. Over the last 60 days, Zacks Consensus Estimate for the stock has moved up from both 2018 and 2019.

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