Q2 Earnings Forecast for Middleby Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn increased its Q2 2026 earnings per share estimate for Middleby to $2.29, slightly up from the previous estimate of $2.27.
• In its recent earnings report, Middleby achieved $2.35 per share, exceeding analysts' expectations of $2.20, despite a 1.4% decline in quarterly revenue year-over-year.
• Multiple analysts have revised their price targets for Middleby, with Canaccord Genuity lowering its target to $162.00 while maintaining a "buy" rating.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Equities researchers at Seaport Res Ptn raised their Q2 2026 EPS estimates for shares of Middleby in a research note issued to investors on Thursday, August 7th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $2.29 per share for the quarter, up from their previous forecast of $2.27. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Seaport Res Ptn also issued estimates for Middleby's Q4 2026 earnings at $2.87 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last issued 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. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The firm had revenue of $977.86 million for the quarter, compared to analysts' expectations of $979.59 million. During the same quarter in the prior year, the business earned $2.39 EPS. The business's quarterly revenue was down 1.4% on a year-over-year basis.

Several other equities analysts have also recently weighed in on the stock. Wall Street Zen cut 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 for the company in a report on Thursday, August 7th. Robert W. Baird reduced their target price on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Middleby from $145.00 to $125.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Finally, Barclays reduced their target price on shares of Middleby from $180.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

Middleby Stock Performance

Shares of NASDAQ:MIDD traded down $0.41 during trading on Monday, hitting $133.82. The company's stock had a trading volume of 119,756 shares, compared to its average volume of 914,971. The company has a 50-day moving average of $143.03 and a 200-day moving average of $147.71. Middleby has a 12 month low of $118.09 and a 12 month 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 1.56. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 17.04 and a beta of 1.58.

Insider Activity at Middleby

In related news, Director Edward P. Garden purchased 137,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average cost of $148.03 per share, for a total transaction of $20,280,110.00. Following the completion of the transaction, the director directly owned 3,276,834 shares in the company, valued at $485,069,737.02. This represents a 4.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.18% of the company's stock.

Institutional Trading of Middleby

A number of institutional investors have recently bought and sold shares of the stock. Burgundy Asset Management Ltd. lifted its position in Middleby by 5.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company's stock worth $244,000 after buying an additional 77 shares during the last quarter. Signaturefd LLC lifted its position in Middleby by 23.7% in the second quarter. Signaturefd LLC now owns 418 shares of the industrial products company's stock worth $60,000 after buying an additional 80 shares during the last quarter. TCTC Holdings LLC lifted its position in Middleby by 116.7% in the first quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company's stock worth $26,000 after buying an additional 91 shares during the last quarter. Xponance Inc. lifted its position in Middleby by 1.6% in the first quarter. Xponance Inc. now owns 6,223 shares of the industrial products company's stock worth $946,000 after buying an additional 99 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Middleby by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,020 shares of the industrial products company's stock worth $1,675,000 after buying an additional 100 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

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.