Q1 Earnings Estimate for Middleby Issued By Zacks Research

The Middleby Co. (NASDAQ:MIDD - Free Report) - Stock analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Middleby in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $1.92 per share for the quarter, up from their prior forecast of $1.89. The consensus estimate for Middleby's current full-year earnings is $9.11 per share.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.69 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $2.65 EPS.

Several other brokerages have also issued reports on MIDD. Jefferies Financial Group reissued a "hold" rating and issued a $160.00 target price (down previously from $170.00) on shares of Middleby in a research report on Thursday, December 12th. KeyCorp raised their price objective on Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Canaccord Genuity Group upped their target price on shares of Middleby from $192.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barclays lifted their price target 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. Finally, StockNews.com cut shares of Middleby from a "buy" rating to a "hold" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Middleby currently has an average rating of "Hold" and a consensus price target of $180.86.

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Middleby Trading Down 1.2 %

MIDD stock traded down $1.89 during trading on Friday, reaching $156.65. The company had a trading volume of 341,375 shares, compared to its average volume of 604,326. The business has a 50 day moving average of $160.10 and a 200 day moving average of $145.46. 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 company has a market cap of $8.40 billion, a P/E ratio of 21.61 and a beta of 1.72. Middleby has a 52 week low of $118.41 and a 52 week high of $182.73.

Institutional Trading of Middleby

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC boosted its position in shares of Middleby by 820.0% during the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $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 valued at $54,000 after acquiring an additional 116 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Middleby in the fourth quarter worth approximately $71,000. Principal Securities Inc. raised its holdings in shares of Middleby by 16.0% during the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 78 shares during the last quarter. Finally, Coppell Advisory Solutions LLC lifted its position in Middleby by 220.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 606 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 417 shares during the period. Institutional investors own 98.55% of the company's stock.

Insider Transactions at Middleby

In related news, Director Chapin Sarah Palisi sold 500 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 6,111 shares of the company's stock, valued at $999,209.61. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.