Q2 Earnings Forecast for Middleby Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn analysts have revised their Q2 2025 EPS estimate for Middleby down to $2.11, compared to the previous forecast of $2.47.
• Multiple analysts, including Robert W. Baird and KeyCorp, have adjusted their price targets for Middleby, with the consensus target now at $166.00.
• Insider activity remains robust, with Director Edward P. Garden purchasing 249,339 shares, increasing his ownership stake significantly.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Seaport Res Ptn dropped their Q2 2025 EPS estimates for shares of Middleby in a report released on Monday, August 4th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $2.11 per share for the quarter, down from their previous forecast of $2.47. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Seaport Res Ptn also issued estimates for Middleby's Q3 2025 earnings at $2.22 EPS, Q4 2025 earnings at $2.48 EPS, FY2025 earnings at $8.90 EPS, Q2 2026 earnings at $2.27 EPS, Q3 2026 earnings at $2.40 EPS, Q4 2026 earnings at $2.84 EPS and FY2026 earnings at $9.42 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.15. The firm had revenue of $977.86 million for 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%. The business's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 EPS.

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

Middleby Price Performance

Shares of NASDAQ MIDD traded down $0.46 during mid-day trading on Wednesday, hitting $119.71. 1,252,786 shares of the company's stock traded hands, 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 $148.49. 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 company has a market capitalization of $6.42 billion, a P/E ratio of 15.23 and a beta of 1.58. Middleby has a 1 year low of $118.09 and a 1 year high of $182.73.

Hedge Funds Weigh In On Middleby

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC increased its holdings in Middleby by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 2,517 shares of the industrial products company's stock valued at $341,000 after buying an additional 173 shares during the period. Garden Investment Management L.P. acquired a new stake in Middleby in the fourth quarter valued at approximately $101,958,000. Sarasin & Partners LLP acquired a new stake in Middleby in the first quarter valued at approximately $2,283,000. IMC Chicago LLC acquired a new stake in Middleby in the first quarter valued at approximately $4,069,000. Finally, Two Sigma Investments LP acquired a new stake in Middleby in the fourth quarter valued at approximately $1,621,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Middleby

In other Middleby news, Director Edward P. Garden acquired 249,339 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $149.59 per share, with a total value of $37,298,621.01. Following the completion of the acquisition, the director directly owned 3,088,263 shares in the company, valued at $461,973,262.17. This represents a 8.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 437,910 shares of company stock worth $65,243,811 over the last 90 days. Company insiders own 6.18% 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.