Equities Analysts Offer Predictions for Middleby Q3 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research lowered their Q3 2027 EPS estimates for Middleby in a research note issued on Tuesday, December 30th. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.41 per share for the quarter, down from their previous forecast of $2.43. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s FY2027 earnings at $9.35 EPS.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.34. The company had revenue of $982.13 million for the quarter, compared to analyst estimates of $961.21 million. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 EPS. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS.

MIDD has been the topic of several other reports. Canaccord Genuity Group boosted their target price on Middleby from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wolfe Research set a $163.00 price objective on Middleby and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a report on Monday. Finally, JPMorgan Chase & Co. upgraded Middleby from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $140.00 to $125.00 in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.33.

Middleby Stock Down 1.5%

MIDD opened at $148.67 on Thursday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of -33.79 and a beta of 1.38. Middleby has a twelve month low of $110.82 and a twelve month high of $182.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.07. The firm’s 50-day simple moving average is $130.62 and its 200-day simple moving average is $135.87.

Insider Buying and Selling at Middleby

In other news, Director Robert A. Nerbonne acquired 780 shares of the stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of $128.52 per share, for a total transaction of $100,245.60. Following the purchase, the director directly owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. This trade represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake in Middleby by 23.7% in the 2nd quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock valued at $60,000 after buying an additional 80 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Middleby by 0.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the industrial products company’s stock worth $1,584,000 after buying an additional 100 shares in the last quarter. UMB Bank n.a. raised its stake in Middleby by 16.3% during the second quarter. UMB Bank n.a. now owns 742 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 104 shares in the last quarter. Cresset Asset Management LLC lifted its stake in Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 107 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Middleby by 13.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,018 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 117 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.