Middleby (MIDD) to Release Earnings on Wednesday

Middleby (NASDAQ:MIDD - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $1.94 per share and revenue of $941.46 million for the quarter.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.50 by $0.38. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.69 million. During the same period in the prior year, the company posted $2.65 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts expect Middleby to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Middleby Stock Performance

MIDD stock traded up $4.21 during trading on Friday, reaching $138.57. 1,057,006 shares of the company's stock were exchanged, compared to its average volume of 693,210. The firm has a market cap of $7.43 billion, a PE ratio of 19.11 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 2.81 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's fifty day moving average price is $144.64 and its 200-day moving average price is $145.47.

Wall Street Analyst Weigh In

Several research firms have commented on MIDD. Robert W. Baird raised their target price on shares of Middleby from $157.00 to $227.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. KeyCorp dropped their target price on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Canaccord Genuity Group increased their price target on Middleby from $192.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. StockNews.com downgraded Middleby from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, Barclays raised their target price on Middleby from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $179.43.

Insider Buying and Selling

In related news, Director Chapin Sarah Palisi sold 500 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the sale, the director now owns 6,111 shares in the company, valued at approximately $999,209.61. This represents a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.