Q2 Earnings Forecast for Middleby Issued By Zacks Research

The Middleby Co. (NASDAQ:MIDD - Free Report) - Investment analysts at Zacks Research reduced their Q2 2025 earnings estimates for shares of Middleby in a 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 $2.20 for the quarter, down from their previous forecast 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.

A number of other equities research analysts also recently commented on MIDD. Canaccord Genuity Group decreased their target price on Middleby from $200.00 to $186.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered Middleby from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. KeyCorp decreased their price objective on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays raised 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. Finally, JPMorgan Chase & Co. boosted their target price on Middleby from $145.00 to $150.00 and gave the company an "underweight" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $168.14.

Middleby Price Performance

Shares of NASDAQ:MIDD traded down $1.58 during mid-day trading on Monday, reaching $144.55. The stock had a trading volume of 926,297 shares, compared to its average volume of 717,476. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.75 billion, a P/E ratio of 19.94 and a beta of 1.65. Middleby has a 1 year low of $118.41 and a 1 year high of $182.73. The business's 50 day moving average price is $139.96 and its 200 day moving average price is $146.61.

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

Institutional Investors Weigh In On Middleby

A number of institutional investors have recently added to or reduced their stakes in MIDD. Janney Montgomery Scott LLC purchased a new stake in shares of Middleby during the fourth quarter valued at about $469,000. GHP Investment Advisors Inc. lifted its position in Middleby by 13.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company's stock valued at $3,106,000 after acquiring an additional 2,763 shares during the last quarter. Entropy Technologies LP boosted its stake in Middleby by 281.3% in the fourth quarter. Entropy Technologies LP now owns 6,864 shares of the industrial products company's stock valued at $930,000 after acquiring an additional 5,064 shares in the last quarter. Regents Gate Capital LLP acquired a new stake in Middleby in the fourth quarter valued at approximately $3,588,000. Finally, Garden Investment Management L.P. acquired a new stake in Middleby in the fourth quarter valued at approximately $101,958,000. Institutional investors own 98.55% of the company's stock.

Insider Transactions at Middleby

In other news, Director Edward P. Garden acquired 249,339 shares of the company's stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 3,088,263 shares in the company, valued at $461,973,262.17. This trade represents a 8.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 640,968 shares of company stock worth $93,495,270. 6.18% of the stock is currently owned by company insiders.

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.