Middleby Beats Earnings

I often tell investors that there are many great companies that aren’t well-known on Wall Street. It seems like investors and the financial media are obsessed with a small number of high-profile stocks, while the rest are barely noticed.

A good example is Middleby (MIDD). I’ve written about them before. This is a company has an oustanding track record, yet few investors seem to have heard of them.

So what does Middleby do? I’ll turn it over to them:

The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries.

Exciting, right?

Yesterday, Middleby delivered another solid earnings report. For Q1, they earned 96 cents per share which was 12 cents more than expectations. I should add that that’s not a very broad consensus since only seven analysts follow the stock. The shares are currently up 2.7% today on the good news.

The stock has done so well that the S&P 500 looks like a flat line in comparison.

Posted by Eddy Elfenbein on May 12th, 2016 at 12:35 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.