Equities Analysts Set Expectations for Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Equities research analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Middleby in a report released on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $1.92 for the quarter, up from their prior estimate of $1.89. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

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

A number of other equities research analysts have also issued reports on MIDD. JPMorgan Chase & Co. increased their price target on Middleby from $145.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. KeyCorp increased their price target on Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Barclays increased 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. StockNews.com lowered Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price target (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Middleby presently has an average rating of “Hold” and a consensus price target of $180.86.

Middleby Price Performance

Shares of Middleby stock opened at $154.41 on Friday. Middleby has a one year low of $118.41 and a one year high of $182.73. The stock’s fifty day moving average is $159.67 and its 200 day moving average is $145.17. The stock has a market cap of $8.28 billion, a P/E ratio of 21.30 and a beta of 1.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

Insider Activity

In other news, Director Chapin Sarah Palisi sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the completion of the transaction, the director now owns 6,111 shares in the company, valued at $999,209.61. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIDD. Assenagon Asset Management S.A. grew its position in Middleby by 4,494.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company’s stock worth $171,524,000 after acquiring an additional 1,238,767 shares in the last quarter. Garden Investment Management L.P. purchased a new position in Middleby in the fourth quarter worth about $101,958,000. Clarkston Capital Partners LLC purchased a new position in Middleby in the fourth quarter worth about $91,869,000. Ameriprise Financial Inc. grew its position in Middleby by 237.2% in the fourth quarter. Ameriprise Financial Inc. now owns 366,293 shares of the industrial products company’s stock worth $49,614,000 after acquiring an additional 257,669 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Middleby in the fourth quarter worth about $26,930,000. Hedge funds and other institutional investors own 98.55% 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.