Middleby (NASDAQ:MIDD) Releases FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its FY 2026 earnings guidance on Thursday morning. 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 Price Performance

MIDD stock traded up $2.57 during trading on Thursday, reaching $130.12. The company’s stock had a trading volume of 779,298 shares, compared to its average volume of 610,753. Middleby has a 1 year low of $102.14 and a 1 year high of $180.13. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $5.88 billion, a P/E ratio of -14.05 and a beta of 1.29. The company’s fifty day moving average is $110.62 and its 200-day moving average is $137.29.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $2.07 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $634.04 million. During the same period in the previous year, the business earned $2.37 earnings per share. The business’s revenue 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. On average, research analysts expect that Middleby will post 6.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the topic of several recent analyst reports. Seaport Research Partners set a $145.00 target price on Middleby in a research note on Wednesday, August 12th. KeyCorp set a $152.00 price target on Middleby in a research note on Tuesday, July 14th. Jefferies Financial Group cut 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. Royal Bank Of Canada set a $147.00 price objective on shares of Middleby in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.25.

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.