Middleby (NASDAQ:MIDD) Releases Q3 2025 Earnings Guidance

Key Points

• Middleby announced updated Q3 2025 earnings guidance with EPS expected between $2.040 and $2.190, below the consensus estimate of $2.293.
• The company also projected revenue for the period to be between $950 million and $975 million, slightly below the consensus revenue estimate of $970.7 million.
• Investment analysts have adjusted their price targets for Middleby, with Canaccord Genuity lowering it from $200.00 to $186.00 and Barclays reducing theirs from $180.00 to $165.00.

Middleby (NASDAQ:MIDD - Get Free Report) updated its third quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 2.040-2.190 for the period, compared to the consensus EPS estimate of 2.293. The company issued revenue guidance of $950.0 million-$975.0 million, compared to the consensus revenue estimate of $970.7 million. Middleby also updated its FY 2025 guidance to 8.650-9.050 EPS.

Wall Street Analysts Forecast Growth

MIDD has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Canaccord Genuity Group reduced their target price on shares of Middleby from $186.00 to $162.00 and set a "buy" rating on the stock in a research note on Thursday. Robert W. Baird reduced their target price on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Barclays reduced their target price on shares of Middleby from $180.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Middleby from $145.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.00.

Middleby Price Performance

Shares of MIDD stock traded down $0.46 during trading hours on Friday, reaching $119.71. 1,252,786 shares of the company were exchanged, compared to its average volume of 1,060,553. Middleby has a fifty-two week low of $118.09 and a fifty-two week high of $182.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.73. The stock's fifty day moving average is $144.33 and its two-hundred day moving average is $148.46. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 15.23 and a beta of 1.58.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.15. The firm had revenue of $977.86 million during the quarter, compared to analysts' expectations of $979.59 million. Middleby had a net margin of 11.06% and a return on equity of 14.14%. Middleby's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.39 EPS. Sell-side analysts forecast that Middleby will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Middleby

In other news, Director Edward P. Garden acquired 249,339 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $149.59 per share, with a total value of $37,298,621.01. Following the acquisition, the director owned 3,088,263 shares of the company's stock, valued at $461,973,262.17. This trade represents a 8.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 437,910 shares of company stock valued at $65,243,811 in the last quarter. 6.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MIDD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Middleby by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company's stock valued at $23,884,000 after acquiring an additional 9,936 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Middleby by 344.7% in the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company's stock valued at $339,000 after acquiring an additional 1,727 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Middleby by 90.3% in the 1st 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 during the last quarter. Institutional investors own 98.55% of the company's stock.

About Middleby

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.