Middleby (NASDAQ:MIDD) Issues Q4 2026 Earnings Guidance

Key Points

• Q4 2026 guidance: Middleby forecast EPS of $1.76–$1.92, compared with the $1.79 consensus, and revenue of $621 million–$635 million versus the $631.1 million consensus. It set full-year 2026 EPS guidance at $7.13–$7.29.
• Latest quarter beat expectations: Middleby reported EPS of $2.07 versus estimates of $1.75 and revenue of $652.58 million versus estimates of $634.04 million. Revenue grew 7.7% year over year, while EPS was down from $2.37 a year earlier.
• Analysts’ average rating was “Moderate Buy,” with a consensus price target of $158.25; shares traded at $130.12 on Thursday.

Middleby (NASDAQ:MIDD - Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.760-1.920 for the period, compared to the consensus EPS estimate of 1.790. The company issued revenue guidance of $621.0 million-$635.0 million, compared to the consensus revenue estimate of $631.1 million. Middleby also updated its FY 2026 guidance to 7.130-7.290 EPS.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MIDD shares. KeyCorp set a $152.00 price target on shares of Middleby in a report on Tuesday, July 14th. Jefferies Financial Group decreased their price objective on shares of Middleby from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Zacks Research raised shares of Middleby from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Robert W. Baird lowered Middleby from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 8th. Finally, Oppenheimer restated an "outperform" rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Middleby currently has an average rating of "Moderate Buy" and a consensus target price of $158.25.

Middleby Stock Performance

Shares of NASDAQ:MIDD traded up $2.57 during midday trading on Thursday, hitting $130.12. The company's stock had a trading volume of 779,298 shares, 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 stock's 50 day simple moving average is $110.62 and its 200 day simple moving average is $137.29. Middleby has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data 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. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The business had revenue of $652.58 million during the quarter, compared to analysts' expectations of $634.04 million. During the same quarter in the previous year, the firm earned $2.37 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. 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, research analysts anticipate that Middleby will post 6.82 earnings per share for the current year.

About Middleby

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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