Middleby (NASDAQ:MIDD – Get Free Report) issued an update on its fourth quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.190-2.340 for the period, compared to the consensus earnings per share estimate of 2.330. The company issued revenue guidance of $990.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Middleby also updated its FY 2025 guidance to 8.990-9.140 EPS.
Analysts Set New Price Targets
A number of brokerages recently commented on MIDD. JPMorgan Chase & Co. raised Middleby from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $125.00 in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Middleby in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $180.00 target price (up from $165.00) on shares of Middleby in a research note on Monday, October 20th. Canaccord Genuity Group cut their price target on shares of Middleby from $175.00 to $171.00 and set a “buy” rating on the stock in a report on Friday. Finally, Zacks Research upgraded shares of Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.29.
Check Out Our Latest Analysis on MIDD
Middleby Price Performance
Middleby (NASDAQ:MIDD – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.03 by $0.34. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The company had revenue of $982.13 million during the quarter, compared to the consensus estimate of $961.21 million. During the same period last year, the firm earned $2.33 EPS. Middleby’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. Q4 2025 guidance at 2.190-2.340 EPS. Equities analysts expect that Middleby will post 9.11 EPS for the current year.
Hedge Funds Weigh In On Middleby
Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 241 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Middleby by 90.3% during 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 buying an additional 205 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Middleby by 123.8% during the second quarter. Osaic Holdings Inc. now owns 667 shares of the industrial products company’s stock valued at $96,000 after buying an additional 369 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Middleby during the second quarter valued at about $202,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Middleby in the second quarter worth about $295,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.
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.
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