Middleby Corporation (NASDAQ:MIDD) reported an EPS of $2.88, surpassing the estimated $2.50, marking a significant improvement from the previous year.
The company also reported a revenue of approximately $1.01 billion for the quarter, exceeding the estimated $996.7 million.
Middleby’s financial health is highlighted by a price-to-earnings (P/E) ratio of approximately 23.39 and a current ratio of about 2.81, indicating a strong ability to cover short-term liabilities.
Middleby Corporation, listed on the NASDAQ:MIDD, is a prominent player in the manufacturing sector, specifically within the Zacks Manufacturing – General Industrial industry. The company specializes in providing advanced equipment for commercial food service, food processing, and residential kitchen markets. Middleby competes with other industry giants, striving to maintain its position through innovation and strategic growth.
On February 25, 2025, Middleby reported impressive earnings per share (EPS) of $2.88, surpassing the estimated $2.50. This achievement marks a significant improvement from the previous year’s EPS of $2.65. The earnings surprise for this quarter was 15.20%, highlighting the company’s strong performance. In contrast, the previous quarter saw a negative surprise of 5.67% when Middleby reported an EPS of $2.33 against an expected $2.47.
Middleby also reported a revenue of approximately $1.01 billion for the quarter ending December 2024, exceeding the estimated $996.7 million. This revenue figure surpassed the Zacks Consensus Estimate by 1.87% and remained consistent with the same period last year. Over the past four quarters, Middleby has exceeded consensus revenue estimates twice, demonstrating its ability to meet and exceed market expectations.
The company’s financial metrics provide further insight into its market position. Middleby has a price-to-earnings (P/E) ratio of approximately 23.39, indicating the price investors are willing to pay for each dollar of earnings. The price-to-sales ratio stands at about 2.37, suggesting that investors are paying $2.37 for every dollar of the company’s sales. Additionally, the enterprise value to sales ratio is around 2.84, reflecting the company’s total valuation relative to its sales.
Middleby’s financial health is further supported by its enterprise value to operating cash flow ratio of approximately 15.63, showing how the company’s valuation compares to its cash flow from operations. The earnings yield is about 4.27%, indicating the percentage of each dollar invested that was earned by the company. With a debt-to-equity ratio of approximately 0.67, Middleby maintains a moderate level of debt relative to equity. The current ratio of about 2.81 suggests a strong ability to cover short-term liabilities with short-term assets.
