Middleby (NASDAQ:MIDD) Issues 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 EPS 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.

Middleby Stock Performance

Middleby stock opened at $136.50 on Friday. The firm has a market cap of $6.17 billion, a P/E ratio of 160.59 and a beta of 1.29. The firm has a 50-day moving average of $111.38 and a 200-day moving average of $137.15. Middleby has a 1-year low of $102.14 and a 1-year high of $180.13. 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 (NASDAQ:MIDD) last announced its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business had revenue of $652.58 million for the quarter, compared to the consensus estimate of $634.04 million. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. Sell-side analysts expect that Middleby will post 6.82 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Barclays reaffirmed an “overweight” rating and set a $145.00 target price (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Royal Bank Of Canada set a $147.00 price target on shares of Middleby in a report on Tuesday, September 15th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. lowered their target price on Middleby from $147.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.25.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported third-quarter adjusted earnings of $2.07 per share, beating the roughly $1.75 consensus, while revenue of $652.6 million also exceeded estimates. Sales rose 7.7% year over year, and the company said adjusted EBITDA increased 10% and results exceeded the high end of its guidance. Middleby third-quarter results
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $7.13–$7.29, above the cited analyst consensus of $6.82. That stronger profit outlook may bolster expectations for the full year. Middleby 2026 guidance
• Positive Sentiment: Canaccord Genuity raised its price target from $152 to $160 and reiterated a Buy rating, signaling increased analyst optimism. Canaccord Genuity analyst ratings
• Neutral Sentiment: Middleby named Chief Commercial Officer Steve Spittle to succeed CEO Tim FitzGerald, with the transition scheduled for April 1, 2027. The planned succession provides a timeline, though investors may assess execution under the incoming CEO. Middleby CEO succession announcement
• Negative Sentiment: Third-quarter EPS declined from $2.37 a year earlier. Also, fourth-quarter revenue guidance of $621 million–$635 million has a midpoint below the cited $631.1 million consensus, suggesting some near-term revenue caution despite the full-year EPS increase. Middleby Q3 earnings and revenue estimates

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.