The Middleby Co. (NASDAQ:MIDD - Free Report) - Seaport Res Ptn increased their Q1 2025 earnings estimates for Middleby in a report issued on Friday, February 28th. Seaport Res Ptn analyst W. Liptak now forecasts 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 - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The company's quarterly revenue was up .4% compared to the same quarter last year.
MIDD has been the topic of several other research reports. StockNews.com cut shares of Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. Robert W. Baird boosted their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Middleby from $145.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Jefferies Financial Group restated a "hold" rating and issued a $160.00 price target (down previously from $170.00) on shares of Middleby in a research report on Thursday, December 12th. Finally, KeyCorp boosted their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $180.86.
Get Our Latest Stock Analysis on Middleby
Shares of MIDD opened at $165.41 on Monday. The company's fifty day moving average is $153.59 and its 200 day moving average is $143.60. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $182.73. The stock has a market capitalization of $8.90 billion, a PE ratio of 22.82 and a beta of 1.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.
Large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in shares of Middleby by 121.4% during the fourth quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company's stock valued at $615,000 after purchasing an additional 2,425 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Middleby during the fourth quarter valued at $469,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Middleby during the fourth quarter valued at $219,000. GHP Investment Advisors Inc. boosted its stake in shares of Middleby by 13.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company's stock valued at $3,106,000 after purchasing an additional 2,763 shares during the period. Finally, Olstein Capital Management L.P. boosted its stake in shares of 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 purchasing an additional 2,500 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.
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.
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