Middleby (NASDAQ:MIDD) Releases FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 7.130-7.290 for the period, compared to the consensus earnings per share estimate of 6.820. The company issued revenue guidance of $2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Middleby also updated its Q4 2026 guidance to 1.760-1.920 EPS.

Analyst Ratings Changes

A number of equities research analysts recently commented on MIDD shares. Jefferies Financial Group reduced their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. KeyCorp set a $152.00 price target on shares of Middleby in a report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Oppenheimer restated an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada set a $147.00 target price on Middleby in a research report on Tuesday, September 15th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.25.

Middleby Stock Up 2.0%

MIDD stock traded up $2.59 during midday trading on Thursday, hitting $130.14. 779,304 shares of the company’s stock were exchanged, compared to its average volume of 610,753. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -14.05 and a beta of 1.29. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. Middleby has a 12-month low of $102.14 and a 12-month high of $180.13. The firm has a 50 day moving average price of $110.62 and a 200-day moving average price of $137.29.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.32. The company had revenue of $652.58 million during the quarter, compared to the consensus estimate of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 EPS. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, analysts anticipate that Middleby will post 6.82 EPS for the current year.

Middleby News Summary

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q3 EPS of $2.07 beat the roughly $1.75 analyst consensus, while revenue of $652.6 million exceeded expectations of about $634 million and rose 7.7% year over year. The company also cited record quarterly sales and 10% growth in adjusted EBITDA. The Middleby Corporation Reports Third Quarter Results
• Positive Sentiment: Middleby’s FY 2026 EPS guidance of $7.13–$7.29 is above the $6.82 consensus, a favorable signal for its earnings outlook. Full-year revenue guidance of $2.5 billion is in line with expectations.
• Neutral Sentiment: Q4 EPS guidance of $1.76–$1.92 brackets the $1.79 consensus, but the revenue range of $621–$635 million has a midpoint slightly below analysts’ $631.1 million estimate.
• Neutral Sentiment: The company announced a CEO transition. The available report does not provide details about timing or succession, so the effect on investors is unclear. Middleby Announces Chief Executive Officer Transition
• Negative Sentiment: Despite the quarterly beat, EPS declined from $2.37 in the year-ago quarter, tempering the otherwise strong results.

Middleby Company Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.