Q1 Earnings Forecast for Middleby Issued By Seaport Res Ptn

The Middleby Co. (NASDAQ:MIDD) – Analysts at Seaport Res Ptn raised their Q1 2025 EPS estimates for Middleby in a note issued to investors on Friday, February 28th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $1.92 per share for the quarter, up from their previous estimate 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 issued its quarterly 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. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS.

Several other research analysts have also recently weighed in on MIDD. Canaccord Genuity Group lifted their price target on Middleby from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. StockNews.com cut Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Barclays lifted their price target on Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $160.00 price target (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $180.86.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $165.41 on Monday. Middleby has a 52 week low of $118.41 and a 52 week high of $182.73. The business’s 50 day moving average price is $153.59 and its 200 day moving average price is $143.60. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The firm has a market cap of $8.90 billion, a P/E ratio of 22.82 and a beta of 1.64.

Institutional Trading of Middleby

Several institutional investors have recently bought and sold shares of MIDD. Assenagon Asset Management S.A. grew its holdings 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 valued at $171,524,000 after purchasing an additional 1,238,767 shares during the period. Garden Investment Management L.P. acquired a new stake in shares of Middleby in the fourth quarter worth approximately $101,958,000. Clarkston Capital Partners LLC acquired a new stake in shares of Middleby in the fourth quarter worth approximately $91,869,000. Ameriprise Financial Inc. boosted its stake in shares of 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 during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Middleby in the fourth quarter worth approximately $26,930,000. 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.