What is Zacks Research's Forecast for Middleby Q2 Earnings?

The Middleby Co. (NASDAQ:MIDD - Free Report) - Analysts at Zacks Research cut their Q2 2025 earnings per share estimates for shares of Middleby in a research note issued on Wednesday, May 28th. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $2.20 per share for the quarter, down from their previous estimate of $2.39. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's Q3 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.63 EPS, FY2025 earnings at $9.17 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.43 EPS, Q3 2026 earnings at $2.49 EPS, Q4 2026 earnings at $2.77 EPS and FY2026 earnings at $9.74 EPS.

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

Several other brokerages also recently weighed in on MIDD. Canaccord Genuity Group reduced their price target on shares of Middleby from $200.00 to $186.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Robert W. Baird reduced their target price on Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Wall Street Zen lowered Middleby from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a report on Wednesday, February 26th. Finally, KeyCorp dropped their price target on shares of Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Middleby currently has a consensus rating of "Hold" and an average target price of $168.14.

Middleby Stock Down 0.4%

MIDD stock traded down $0.65 on Monday, reaching $147.14. 716,131 shares of the company traded hands, compared to its average volume of 718,503. Middleby has a one year low of $118.41 and a one year high of $182.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The firm has a fifty day simple moving average of $139.34 and a 200-day simple moving average of $146.75. The company has a market cap of $7.89 billion, a P/E ratio of 20.30 and a beta of 1.65.

Hedge Funds Weigh In On Middleby

A number of hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in Middleby in the 4th quarter worth $469,000. Crewe Advisors LLC boosted its stake in Middleby by 73.2% in the 4th quarter. Crewe Advisors LLC now owns 710 shares of the industrial products company's stock worth $96,000 after purchasing an additional 300 shares during the period. GHP Investment Advisors Inc. boosted its stake in Middleby by 13.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company's stock worth $3,106,000 after purchasing an additional 2,763 shares during the period. Entropy Technologies LP boosted its stake in Middleby by 281.3% in the 4th quarter. Entropy Technologies LP now owns 6,864 shares of the industrial products company's stock worth $930,000 after purchasing an additional 5,064 shares during the period. Finally, Regents Gate Capital LLP bought a new position in Middleby in the 4th quarter worth approximately $3,588,000. 98.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Edward P. Garden purchased 621 shares of the business's stock in a transaction on Friday, May 16th. The stock was acquired at an average price of $149.62 per share, with a total value of $92,914.02. Following the completion of the acquisition, the director now owns 3,139,834 shares of the company's stock, valued at approximately $469,781,963.08. This trade represents a 0.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 640,968 shares of company stock valued at $93,495,270 in 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.