Equities Analysts Set Expectations for Middleby Q3 Earnings

Key Points

• William Blair has revised its Q3 2025 earnings estimates for Middleby, lowering the forecast from $2.46 to $2.05 per share.
• Recent analyst reports have seen price targets for Middleby decrease from multiple firms, with Barclays reducing it from $180.00 to $165.00 and JPMorgan lowering theirs from $145.00 to $125.00.
• Middleby's stock is currently well-rated by analysts with an average rating of "Moderate Buy" and a consensus target price of $159.00, despite recent adjustments in earnings outlook.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Equities research analysts at William Blair decreased their Q3 2025 earnings estimates for shares of Middleby in a research note issued on Thursday, August 7th. William Blair analyst R. Sparenblek now expects that the industrial products company will earn $2.05 per share for the quarter, down from their prior estimate of $2.46. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. William Blair also issued estimates for Middleby's Q4 2025 earnings at $2.30 EPS, FY2025 earnings at $8.85 EPS and FY2026 earnings at $10.00 EPS.

A number of other equities research analysts have also recently commented on MIDD. Robert W. Baird lowered their price objective on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Barclays decreased their price target on shares of Middleby from $180.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of Middleby from $145.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. Wall Street Zen cut shares of Middleby from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Canaccord Genuity Group decreased their price target on shares of Middleby from $186.00 to $162.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

Middleby Price Performance

NASDAQ MIDD traded up $7.89 during trading hours on Monday, reaching $138.20. The company's stock had a trading volume of 1,021,799 shares, compared to its average volume of 915,731. The stock has a market cap of $7.00 billion, a PE ratio of 17.55 and a beta of 1.58. Middleby has a fifty-two week low of $118.09 and a fifty-two week high of $182.73. The company's 50-day moving average is $143.48 and its two-hundred day moving average is $148.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 2.57.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.35 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.39 EPS.

Insider Activity

In related news, Director Edward P. Garden bought 137,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $148.03 per share, with a total value of $20,280,110.00. Following the completion of the transaction, the director owned 3,276,834 shares of the company's stock, valued at approximately $485,069,737.02. The trade was a 4.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 151,098 shares of company stock valued at $22,384,197 over the last 90 days. 6.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Middleby

Hedge funds have recently modified their holdings of the stock. TCTC Holdings LLC boosted its position in shares of 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 acquiring an additional 91 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Middleby in the second quarter worth approximately $30,000. Allworth Financial LP raised its holdings in Middleby by 168.8% in the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company's stock valued at $30,000 after buying an additional 130 shares during the period. Versant Capital Management Inc lifted its position in Middleby by 760.0% during the first quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company's stock valued at $39,000 after buying an additional 228 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in Middleby during the second quarter valued at approximately $37,000. 98.55% of the stock is owned by institutional investors and hedge funds.

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.