Q1 Earnings Estimate for Middleby Issued By Seaport Res Ptn

The Middleby Co. (NASDAQ:MIDD) – Equities research analysts at Seaport Res Ptn upped their Q1 2025 earnings per share (EPS) estimates for shares of Middleby in a report released on Friday, February 28th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $1.92 per share for the quarter, up from their prior forecast of $1.87. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Seaport Res Ptn also issued estimates for Middleby’s Q2 2025 earnings at $2.47 EPS, Q3 2025 earnings at $2.60 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.74 EPS, Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at $3.44 EPS and FY2026 earnings at $11.18 EPS.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.38. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 earnings per share.

MIDD has been the topic of several other reports. Robert W. Baird lifted their target price on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and set a $160.00 price target (down previously from $170.00) on shares of Middleby in a research report on Thursday, December 12th. StockNews.com downgraded Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Canaccord Genuity Group raised their target price on Middleby from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Barclays upped their price target on Middleby from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Middleby has an average rating of “Hold” and a consensus target price of $180.86.

Middleby Stock Performance

NASDAQ:MIDD opened at $161.58 on Monday. The stock has a market cap of $8.66 billion, a P/E ratio of 22.29 and a beta of 1.64. The business’s 50-day moving average price is $154.12 and its two-hundred day moving average price is $143.76. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. Middleby has a twelve month low of $118.41 and a twelve month high of $182.73.

Institutional Investors Weigh In On Middleby

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Middleby by 121.4% during the 4th quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $615,000 after acquiring an additional 2,425 shares during the period. Janney Montgomery Scott LLC bought a new position in Middleby in the 4th quarter worth $469,000. First Citizens Bank & Trust Co. purchased a new stake in Middleby in the 4th quarter worth $219,000. GHP Investment Advisors Inc. boosted its stake in shares of Middleby by 13.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company’s stock worth $3,106,000 after acquiring an additional 2,763 shares during the period. Finally, Olstein Capital Management L.P. boosted its stake in Middleby by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 71,000 shares of the industrial products company’s stock valued at $9,617,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Insider Activity at Middleby

In related news, Director Chapin Sarah Palisi sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $163.51, for a total value of $81,755.00. Following the transaction, the director now owns 6,111 shares of the company’s stock, valued at approximately $999,209.61. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.16% of the stock is owned by 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.