What is Zacks Research’s Forecast for Middleby Q1 Earnings?

The Middleby Co. (NASDAQ:MIDD) – Equities researchers at Zacks Research dropped their Q1 2027 EPS estimates for Middleby in a research note issued on Wednesday, May 28th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $2.57 per share for the quarter, down from their previous estimate of $2.71. 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 $11.67 EPS.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company had revenue of $906.63 million during the quarter, compared to analyst estimates of $941.46 million. During the same period in the previous year, the business earned $1.89 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis.

Several other equities research analysts also recently commented on MIDD. KeyCorp reduced their price objective on Middleby from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Canaccord Genuity Group reduced their price target on shares of Middleby from $200.00 to $186.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Barclays raised their target price on shares of Middleby from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.14.

Middleby Stock Down 0.5%

MIDD stock opened at $146.68 on Friday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 20.23 and a beta of 1.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. Middleby has a 1-year low of $118.41 and a 1-year high of $182.73. The business has a fifty day moving average price of $139.96 and a 200-day moving average price of $146.47.

Insider Transactions at Middleby

In other Middleby 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 sale, the director now owns 6,111 shares in the company, valued at approximately $999,209.61. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward P. Garden purchased 203,058 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $139.13 per share, for a total transaction of $28,251,459.54. Following the acquisition, the director now directly owns 2,838,924 shares of the company’s stock, valued at approximately $394,979,496.12. This represents a 7.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 640,968 shares of company stock worth $93,495,270 in the last quarter. Company insiders own 6.18% of the company’s stock.

Institutional Trading of Middleby

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Middleby during the 4th quarter valued at $469,000. Blue Trust Inc. lifted its position in shares of Middleby by 121.4% in the fourth quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $615,000 after acquiring an additional 2,425 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Middleby by 73.2% in the fourth quarter. Crewe Advisors LLC now owns 710 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 300 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Middleby by 13.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company’s stock worth $3,106,000 after acquiring an additional 2,763 shares during the period. Finally, Entropy Technologies LP grew its position in shares of Middleby by 281.3% during the fourth quarter. Entropy Technologies LP now owns 6,864 shares of the industrial products company’s stock worth $930,000 after purchasing an additional 5,064 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other 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.