William Blair Forecasts Middleby’s Q1 Earnings (NASDAQ:MIDD)

The Middleby Co. (NASDAQ:MIDD) – Analysts at William Blair issued their Q1 2025 earnings estimates for shares of Middleby in a research note issued to investors on Tuesday, February 25th. William Blair analyst R. Sparenblek forecasts that the industrial products company will post earnings per share of $1.98 for the quarter. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. William Blair also issued estimates for Middleby’s Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.60 EPS, Q4 2025 earnings at $2.97 EPS, FY2025 earnings at $9.90 EPS and FY2026 earnings at $10.60 EPS.

A number of other equities analysts have also commented on MIDD. KeyCorp raised their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price target (down from $170.00) on shares of Middleby in a report on Thursday, December 12th. Barclays upped their price target on shares of Middleby from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, StockNews.com lowered Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $180.86.

Middleby Stock Performance

Shares of MIDD opened at $165.36 on Thursday. Middleby has a 52-week low of $118.41 and a 52-week high of $182.73. The stock’s 50-day simple moving average is $152.36 and its 200 day simple moving average is $143.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 22.81 and a beta of 1.64.

Middleby (NASDAQ:MIDD) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.38. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.65 earnings per share.

Hedge Funds Weigh In On Middleby

A number of institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of Middleby by 306.5% in the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock worth $35,000 after buying an additional 190 shares during the period. Avior Wealth Management LLC raised its position in shares of Middleby by 820.0% in the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 287 shares during the last quarter. UMB Bank n.a. boosted its stake in Middleby by 41.1% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 116 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Middleby during the 4th quarter valued at about $71,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Middleby in the third quarter worth about $72,000. Institutional investors own 98.55% of the company’s stock.

Middleby Company Profile

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.