Q1 Earnings Forecast for Middleby Issued By Seaport Res Ptn

The Middleby Co. (NASDAQ:MIDD - Free Report) - Analysts at Seaport Res Ptn increased their Q1 2025 earnings estimates for shares of Middleby in a note issued to investors on Thursday, November 7th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.87 per share for the quarter, up from their previous forecast of $1.84. The consensus estimate for Middleby's current full-year earnings is $9.35 per share. Seaport Res Ptn also issued estimates for Middleby's Q2 2025 earnings at $2.45 EPS and Q3 2025 earnings at $2.69 EPS.

MIDD has been the topic of a number of other reports. KeyCorp reduced their price objective on shares of Middleby from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, July 15th. StockNews.com raised Middleby from a "hold" rating to a "buy" rating in a research note on Monday. Canaccord Genuity Group dropped their price target on Middleby from $164.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Middleby from $118.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $164.00 price target on shares of Middleby in a research note on Saturday, September 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.67.

Middleby Trading Down 0.7 %

Shares of NASDAQ MIDD traded down $0.93 during mid-day trading on Friday, hitting $140.31. The company's stock had a trading volume of 402,055 shares, compared to its average volume of 668,290. Middleby has a one year low of $115.41 and a one year high of $161.01. The company's fifty day simple moving average is $136.85 and its 200-day simple moving average is $133.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 19.35 and a beta of 1.58.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.15). The firm had revenue of $942.81 million for the quarter, compared to analyst estimates of $996.60 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company's revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $2.35 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MIDD. Epoch Investment Partners Inc. grew its stake in shares of Middleby by 421.5% in the first quarter. Epoch Investment Partners Inc. now owns 356,714 shares of the industrial products company's stock valued at $57,356,000 after buying an additional 288,314 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Middleby by 278.9% in the 1st quarter. Tidal Investments LLC now owns 9,060 shares of the industrial products company's stock valued at $1,457,000 after purchasing an additional 6,669 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Middleby by 18.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 56,484 shares of the industrial products company's stock valued at $8,281,000 after purchasing an additional 8,768 shares during the last quarter. Vanguard Group Inc. grew its holdings in Middleby by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,113,286 shares of the industrial products company's stock worth $822,165,000 after purchasing an additional 15,798 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in Middleby during the second quarter worth approximately $500,000. 98.55% of the stock is currently owned by institutional investors.

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.