Equities Analysts Issue Forecasts for Middleby Q2 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Middleby in a report released on Thursday, May 28th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.29 per share for the quarter, down from their previous forecast of $2.30. The consensus estimate for Middleby’s current full-year earnings is $9.56 per share. Zacks Research also issued estimates for Middleby’s Q3 2026 earnings at $2.38 EPS, FY2026 earnings at $9.54 EPS, Q1 2027 earnings at $2.25 EPS, Q2 2027 earnings at $2.65 EPS, FY2027 earnings at $10.20 EPS and Q1 2028 earnings at $2.56 EPS.

Several other equities analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Barclays reaffirmed an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, Robert W. Baird set a $205.00 price target on shares of Middleby in a report on Friday, May 8th. Six investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.71.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $154.11 on Friday. The firm has a 50 day moving average of $142.38 and a 200-day moving average of $144.26. The stock has a market capitalization of $6.97 billion, a PE ratio of -18.17 and a beta of 1.34. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Middleby has a 12 month low of $110.82 and a 12 month high of $169.44.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. The business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS.

Institutional Investors Weigh In On Middleby

Institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC bought a new stake in Middleby during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its holdings in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Larson Financial Group LLC grew its holdings in Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Danske Bank A S acquired a new position in shares of Middleby in the 3rd quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Middleby in the 4th quarter worth approximately $35,000. 98.55% of the stock is owned by institutional investors.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.