What is Zacks Research's Forecast for Middleby Q1 Earnings?

The Middleby Co. (NASDAQ:MIDD - Free Report) - Analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for shares of Middleby in a research note issued to investors on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $2.57 for the quarter, down from their prior forecast of $2.71. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's FY2027 earnings at $11.67 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.94 by $0.14. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company had revenue of $906.63 million during the quarter, compared to analysts' expectations of $941.46 million. During the same quarter last year, the company posted $1.89 EPS. The firm's revenue was down 2.2% compared to the same quarter last year.

MIDD has been the subject of several other research reports. Barclays lifted their price objective on Middleby from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. KeyCorp decreased their price target on shares of Middleby from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird decreased their price objective on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Middleby has a consensus rating of "Hold" and an average price target of $168.14.

Middleby Stock Down 0.5%

NASDAQ:MIDD traded down $0.78 during midday trading on Friday, reaching $146.68. The company had a trading volume of 527,107 shares, compared to its average volume of 716,642. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 20.23 and a beta of 1.65. The stock's fifty day simple moving average is $139.96 and its 200-day simple moving average is $146.53. Middleby has a 12-month low of $118.41 and a 12-month high of $182.73. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66.

Institutional Trading of Middleby

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in Middleby in the first quarter valued at approximately $1,839,000. Schmidt P J Investment Management Inc. purchased a new stake in Middleby in the 1st quarter valued at $203,000. Focus Partners Wealth raised its position in 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 purchasing an additional 1,727 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in Middleby in the 1st quarter valued at $365,000. Finally, Bayforest Capital Ltd raised its position in Middleby by 183.1% in the 1st quarter. Bayforest Capital Ltd now owns 1,888 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 1,221 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Edward P. Garden acquired 137,000 shares of Middleby stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $148.03 per share, for a total transaction of $20,280,110.00. Following the transaction, the director now owns 3,276,834 shares of the company's stock, valued at $485,069,737.02. This represents a 4.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chapin Sarah Palisi sold 500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the sale, the director now owns 6,111 shares of the company's stock, valued at $999,209.61. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 640,968 shares of company stock worth $93,495,270 over the last 90 days. 6.18% of the stock is owned by insiders.

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.