Middleby (NASDAQ:MIDD) Issues FY 2026 Earnings Guidance

Key Points

• Middleby raised its FY 2026 EPS guidance to $7.13–$7.29, above analysts’ $6.82 consensus estimate; revenue guidance of $2.5 billion matched consensus.
• The company reported quarterly EPS of $2.07, beating the $1.75 estimate, and revenue of $652.58 million versus $634.04 million expected; revenue grew 7.7% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $158.25.

Middleby (NASDAQ:MIDD - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MIDD shares. Weiss Ratings cut shares of Middleby from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. KeyCorp set a $152.00 target price on Middleby in a report on Tuesday, July 14th. Robert W. Baird cut Middleby from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 8th. Royal Bank Of Canada set a $147.00 target price on Middleby in a research report on Tuesday, September 15th. Finally, Wall Street Zen downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.25.

Middleby Stock Performance

Shares of MIDD stock traded up $2.57 during trading hours on Thursday, reaching $130.12. 779,298 shares of the company traded hands, compared to its average volume of 610,753. Middleby has a 12-month low of $102.14 and a 12-month high of $180.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The company has a market cap of $5.88 billion, a P/E ratio of -14.05 and a beta of 1.29. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 positive return on equity of 17.44% and a negative net margin of 13.22%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, sell-side analysts predict that Middleby will post 6.82 earnings per share for the current fiscal year.

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.

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