What is Zacks Research’s Estimate for Middleby Q2 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research cut their Q2 2027 EPS estimates for Middleby in a research report issued on Wednesday, December 24th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.45 per share for the quarter, down from their prior estimate of $2.47. Zacks Research has a “Hold” 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 Q3 2027 earnings at $2.43 EPS and FY2027 earnings at $9.37 EPS.

MIDD has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research note on Monday, December 22nd. Barclays set a $168.00 target price on shares of Middleby and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wolfe Research set a $163.00 price target on Middleby and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Canaccord Genuity Group lifted 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. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.33.

Middleby Trading Up 0.4%

Shares of MIDD stock opened at $151.75 on Monday. Middleby has a 1-year low of $110.82 and a 1-year high of $182.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.10. The business’s fifty day moving average price is $129.68 and its 200 day moving average price is $135.62. The firm has a market capitalization of $7.64 billion, a PE ratio of -34.49 and a beta of 1.39.

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

Insider Transactions at Middleby

In related news, Director Robert A. Nerbonne purchased 780 shares of the stock in a transaction on Tuesday, December 9th. The shares were bought at an average price of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the acquisition, the director directly owned 21,471 shares in the company, valued at approximately $2,759,452.92. This trade represents a 3.77% increase in their position. The purchase 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 insiders.

Hedge Funds Weigh In On Middleby

Large investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new stake in Middleby in the 3rd quarter worth $218,000. Tudor Investment Corp ET AL lifted its stake in shares of Middleby by 45.5% in the third quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock valued at $10,096,000 after buying an additional 23,737 shares during the period. Swiss Life Asset Management Ltd acquired a new stake in Middleby during the third quarter worth about $318,000. Danske Bank A S bought a new position in Middleby during the third quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 141 shares during the period. 98.55% of the stock is currently 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.