Research Analysts Offer Predictions for Middleby Q3 Earnings

Key Points

• Zacks Research has issued a bearish forecast for Middleby, lowering its Q3 2025 EPS estimates from $2.26 to $2.14 and giving the stock a "Strong Sell" rating.
• The company's recent earnings report showed a net margin of 11.06% and a revenue of $977.86 million, which fell short of the consensus estimate, indicating a year-over-year revenue decline of 1.4%.
• Multiple investment analysts have revised their target prices for Middleby, with JPMorgan lowering it significantly from $145 to $125 and several others also downgrading their ratings.

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Equities researchers at Zacks Research reduced their Q3 2025 EPS estimates for shares of Middleby in a research report issued on Wednesday, August 27th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $2.14 for the quarter, down from their prior forecast of $2.26. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's Q4 2025 earnings at $2.47 EPS, FY2025 earnings at $9.04 EPS, Q1 2026 earnings at $2.02 EPS, Q2 2026 earnings at $2.27 EPS, Q4 2026 earnings at $2.84 EPS, FY2026 earnings at $9.05 EPS and FY2027 earnings at $11.45 EPS.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.35 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $979.59 million. During the same period in the previous year, the company earned $2.39 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year.

A number of other brokerages have also weighed in on MIDD. Wolfe Research set a $163.00 price objective on shares of Middleby and gave the company an "outperform" rating in a report on Thursday. Robert W. Baird reduced their price objective on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Middleby from $145.00 to $125.00 and set an "underweight" rating for the company in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Canaccord Genuity Group raised their target price on shares of Middleby from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Middleby currently has an average rating of "Hold" and an average price target of $161.13.

Middleby Trading Up 1.8%

MIDD traded up $2.62 on Monday, reaching $144.43. 951,812 shares of the company traded hands, compared to its average volume of 929,089. Middleby has a one year low of $118.09 and a one year high of $182.73. The firm has a fifty day simple moving average of $140.34 and a two-hundred day simple moving average of $144.12. The company has a market cap of $7.32 billion, a P/E ratio of 18.38 and a beta of 1.54. The company has a quick ratio of 1.56, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

Institutional Trading of Middleby

A number of hedge funds have recently added to or reduced their stakes in MIDD. TCTC Holdings LLC boosted its holdings in Middleby by 116.7% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Middleby during the second quarter worth $30,000. Allworth Financial LP boosted its holdings in Middleby by 168.8% during the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company's stock worth $30,000 after buying an additional 130 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in Middleby during the second quarter worth $37,000. Finally, Versant Capital Management Inc boosted its holdings in Middleby by 760.0% during the first quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company's stock worth $39,000 after buying an additional 228 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other 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.