Q2 Earnings Estimate for Middleby Issued By Zacks Research

The Middleby Corporation (NASDAQ:MIDD) – Equities research analysts at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for Middleby in a research note issued on Wednesday, January 21st. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $2.32 per share for the quarter, down from their prior estimate of $2.39. Zacks Research currently 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 Q3 2026 earnings at $2.22 EPS, Q4 2026 earnings at $2.80 EPS, FY2026 earnings at $9.21 EPS, Q1 2027 earnings at $1.87 EPS, Q2 2027 earnings at $2.42 EPS, Q3 2027 earnings at $2.39 EPS, Q4 2027 earnings at $2.56 EPS and FY2027 earnings at $9.24 EPS.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) 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 firm had revenue of $982.13 million during the quarter, compared to analysts’ expectations of $961.21 million. During the same period in the prior year, the company posted $2.33 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS.

Other research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays set a $168.00 price target on shares of Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. KeyCorp reissued an “overweight” rating on shares of Middleby in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. Finally, Canaccord Genuity Group boosted their price target on Middleby from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.83.

Middleby Stock Performance

Shares of MIDD stock opened at $150.29 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Middleby has a 12-month low of $110.82 and a 12-month high of $182.73. The company has a market cap of $7.57 billion, a price-to-earnings ratio of -34.16 and a beta of 1.39. The stock has a 50 day simple moving average of $138.33 and a 200-day simple moving average of $136.58.

Institutional Trading of Middleby

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Middleby by 90.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Middleby by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock valued at $23,884,000 after buying an additional 9,936 shares during the period. Focus Partners Wealth boosted its position in Middleby by 344.7% during the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 1,727 shares during the last quarter. UMB Bank n.a. grew its stake in Middleby by 16.3% in the 2nd 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 during the period. Finally, GAMMA Investing LLC raised its holdings in 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 currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert A. Nerbonne bought 780 shares of Middleby stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $128.52 per share, with a total value of $100,245.60. Following the purchase, the director owned 21,471 shares in the company, valued at $2,759,452.92. This represents a 3.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.18% of the stock is owned by corporate insiders.

Middleby Company Profile

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.