Q1 Earnings Estimate for Middleby Issued By Seaport Res Ptn

The Middleby Co. (NASDAQ:MIDD) – Research analysts at Seaport Res Ptn upped their Q1 2025 earnings per share (EPS) estimates for Middleby in a note issued to investors on Friday, February 28th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will earn $1.92 per share for the quarter, up from their prior 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 posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.69 million. During the same quarter in the previous year, the firm posted $2.65 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays upped their target price on shares of Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. 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. Canaccord Genuity Group raised their price objective on shares of Middleby from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, StockNews.com cut Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $180.86.

Middleby Stock Performance

Shares of NASDAQ:MIDD opened at $159.04 on Monday. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 21.94 and a beta of 1.64. The business’s fifty day moving average price is $154.56 and its two-hundred day moving average price is $143.90. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $182.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.

Hedge Funds Weigh In On Middleby

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Middleby by 306.5% in the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 190 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Middleby by 820.0% during the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after buying an additional 287 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Middleby by 41.1% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock worth $54,000 after buying an additional 116 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Middleby in the 4th quarter valued at about $71,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Middleby in the 3rd quarter valued at about $72,000. 98.55% of the stock is owned by institutional investors.

Insider Buying and Selling at Middleby

In other news, Director Chapin Sarah Palisi sold 500 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 6,111 shares in the company, valued at $999,209.61. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.16% 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.