Middleby (MIDD) to Release Earnings on Wednesday

Middleby (NASDAQ:MIDD - Get Free Report) is anticipated to issue 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 earnings results 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. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 EPS. On average, analysts expect Middleby to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Middleby Price Performance

MIDD stock traded down $1.51 during trading on Tuesday, reaching $134.72. 314,330 shares of the company were exchanged, compared to its average volume of 691,137. The stock's 50 day moving average price is $144.06 and its 200 day moving average price is $145.48. The company has a market cap of $7.23 billion, a P/E ratio of 18.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. Middleby has a 52-week low of $118.41 and a 52-week high of $182.73.

Analyst Ratings Changes

Several research firms have recently issued reports on MIDD. StockNews.com downgraded Middleby from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Barclays increased their price target on Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Robert W. Baird increased their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Canaccord Genuity Group boosted their target price on Middleby from $192.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on Middleby from $145.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $179.43.

Insider Buying and Selling at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the 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 $999,209.61. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.18% of the stock is owned by company insiders.

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.