Middleby (NASDAQ:MIDD) Releases Q3 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.670-1.830 for the period, compared to the consensus estimate of 1.950. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $696.6 million. Middleby also updated its FY 2026 guidance to 6.730-6.890 EPS.

Middleby Stock Down 3.1%

Shares of NASDAQ:MIDD opened at $130.30 on Tuesday. Middleby has a 1 year low of $110.82 and a 1 year high of $180.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The stock’s 50-day moving average is $149.83 and its 200 day moving average is $148.95. The company has a market cap of $5.89 billion, a PE ratio of -15.37 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Sell-side analysts anticipate that Middleby will post 9.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MIDD. Jefferies Financial Group decreased their price objective on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their target price on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Canaccord Genuity Group set a $165.00 target price on shares of Middleby in a research report on Wednesday, August 5th. Oppenheimer began coverage on shares of Middleby in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price target for the company. Finally, KeyCorp set a $152.00 price target on shares of Middleby in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Middleby News Summary

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported second-quarter revenue of approximately $875.5 million, up 9.9% year over year and above the $837.0 million consensus estimate. Reported EPS of $2.35 also exceeded expectations of $2.09. The Middleby Corporation Reports Second Quarter Results
• Positive Sentiment: Commercial Foodservice sales reached $630.6 million, with organic growth of 8.3%. The company also repurchased 1.4 million shares during the quarter and 3.8 million shares year to date, supporting per-share value.
• Positive Sentiment: Management said results exceeded the high end of its revenue and adjusted EBITDA outlook. The completed separation of the Food Processing business into independent company Midera marks a major strategic milestone and should allow Middleby to focus on its core commercial foodservice operations.
• Neutral Sentiment: Analysts cited a consensus price target of $169.50, substantially above the stock’s recent trading level, although price targets may be revised following the weaker outlook. Middleby Receives Consensus Price Target
• Negative Sentiment: Third-quarter 2026 guidance calls for EPS of $1.67-$1.83 and revenue of $620 million-$640 million, below analyst estimates of $1.95 EPS and $696.6 million revenue.
• Negative Sentiment: Full-year 2026 guidance of $6.73-$6.89 EPS and approximately $2.48-$2.53 billion in revenue is also below consensus expectations of $8.48 EPS and $2.9 billion revenue. This outlook reset is the primary reason the stock is declining despite the quarterly beat.
• Negative Sentiment: Continuing-operations net earnings and GAAP EPS were lower than the prior-year period, while the company reported a negative net margin, highlighting ongoing profitability concerns after the business separation.

Hedge Funds Weigh In On Middleby

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Middleby by 49.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Middleby by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after purchasing an additional 75,047 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock valued at $220,950,000 after buying an additional 58,696 shares during the period. Turtle Creek Asset Management Inc. boosted its position in Middleby by 4.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after purchasing an additional 59,050 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Middleby by 40.6% in the fourth quarter. Invesco Ltd. now owns 1,432,021 shares of the industrial products company’s stock worth $212,899,000 after buying an additional 413,485 shares during the last quarter. 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.