What is Zacks Research's Estimate for Middleby Q2 Earnings?

The Middleby Co. (NASDAQ:MIDD - Free Report) - Research analysts at Zacks Research cut their Q2 2025 earnings per share (EPS) estimates for shares of Middleby in a report released on Monday, June 9th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $2.19 per share for the quarter, down from their previous estimate of $2.20. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's FY2025 earnings at $9.16 EPS, FY2026 earnings at $9.73 EPS, Q1 2027 earnings at $2.50 EPS and FY2027 earnings at $11.51 EPS.

Other research analysts have also recently issued research reports about the company. KeyCorp dropped their price objective on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on shares of Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 26th. Robert W. Baird dropped their target price on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group decreased their price objective on shares of Middleby from $200.00 to $186.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Barclays upped their target price on shares of Middleby from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $168.14.

Middleby Price Performance

Shares of NASDAQ:MIDD traded down $2.69 during mid-day trading on Wednesday, reaching $141.19. The stock had a trading volume of 791,098 shares, compared to its average volume of 723,386. The business's 50 day moving average price is $140.11 and its 200 day moving average price is $147.04. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. Middleby has a 1 year low of $118.41 and a 1 year high of $182.73. The company has a market cap of $7.57 billion, a P/E ratio of 19.47 and a beta of 1.61.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.14. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The business had revenue of $906.63 million during the quarter, compared to analysts' expectations of $941.46 million. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year.

Institutional Investors Weigh In On Middleby

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIDD. TCTC Holdings LLC boosted its stake in Middleby by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company's stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Versant Capital Management Inc boosted its position in Middleby by 760.0% during the first quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company's stock worth $39,000 after purchasing an additional 228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Middleby by 90.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company's stock valued at $66,000 after acquiring an additional 205 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Middleby during the fourth quarter worth about $71,000. Finally, Principal Securities Inc. boosted its stake in shares of Middleby by 16.0% in the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company's stock.

Insider Activity at Middleby

In other news, Director Edward P. Garden acquired 249,339 shares of Middleby stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $149.59 per share, for a total transaction of $37,298,621.01. Following the completion of the purchase, the director now owns 3,088,263 shares of the company's stock, valued at $461,973,262.17. This represents a 8.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have purchased 640,968 shares of company stock valued at $93,495,270. Corporate insiders own 6.18% of the company's stock.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.