What is Seaport Res Ptn's Forecast for Middleby Q1 Earnings?

Key Points

• Equities research analysts at Seaport Res Ptn have lowered their Q1 2026 earnings per share estimates for The Middleby Corporation from $2.14 to $1.92.
• Despite last quarter's earnings of $2.08 per share exceeding expectations, Middleby reported a revenue decline of 2.2% year-over-year, totaling $906.63 million against estimates of $941.46 million.
• Analysts are divided on Middleby’s stock, with one sell rating, two hold ratings, and five buy ratings, leading to an average rating of "Moderate Buy" and a consensus price target of $166.00.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Seaport Res Ptn reduced their Q1 2026 earnings per share (EPS) estimates for shares of Middleby in a note issued to investors on Monday, August 4th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $1.92 per share for the quarter, down from their previous forecast of $2.14. The consensus estimate for Middleby's current full-year earnings is $9.11 per share.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.20 by $0.15. The business had revenue of $977.86 million for the quarter, compared to the consensus estimate of $979.59 million. Middleby had a return on equity of 14.14% and a net margin of 11.06%. Middleby's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.39 EPS.

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

Middleby Trading Down 0.4%

NASDAQ:MIDD traded down $0.46 during trading hours on Tuesday, hitting $119.71. 1,252,786 shares of the stock were exchanged, compared to its average volume of 1,060,553. The company's 50 day moving average is $144.33 and its two-hundred day moving average is $148.46. Middleby has a twelve month low of $118.09 and a twelve month high of $182.73. The company has a quick ratio of 1.73, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.42 billion, a P/E ratio of 15.23 and a beta of 1.58.

Insider Buying and Selling at Middleby

In related news, Director Edward P. Garden purchased 249,339 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $149.59 per share, with a total value of $37,298,621.01. Following the purchase, the director directly owned 3,088,263 shares in the company, valued at $461,973,262.17. This trade represents a 8.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders acquired 437,910 shares of company stock valued at $65,243,811. Corporate insiders own 6.18% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MIDD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Middleby by 6.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,741 shares of the industrial products company's stock valued at $1,979,000 after buying an additional 882 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Middleby by 14.0% in the 2nd quarter. Impax Asset Management Group plc now owns 150,987 shares of the industrial products company's stock valued at $21,742,000 after buying an additional 18,491 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Middleby by 0.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,358 shares of the industrial products company's stock valued at $2,788,000 after buying an additional 131 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Middleby by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 48,026 shares of the industrial products company's stock valued at $6,916,000 after buying an additional 326 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Middleby in the 2nd quarter valued at $660,000. Institutional investors and hedge funds own 98.55% 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.