Middleby (NASDAQ:MIDD) Releases Q4 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its fourth quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.760-1.920 for the period, compared to the consensus 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.

Middleby Trading Up 4.9%

NASDAQ:MIDD opened at $136.50 on Friday. The company has a market cap of $6.17 billion, a PE ratio of 160.59 and a beta of 1.29. Middleby has a 52 week low of $102.14 and a 52 week high of $180.13. The business’s 50 day moving average is $111.38 and its two-hundred day moving average is $137.15. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $652.58 million for the quarter, compared to the consensus estimate of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, analysts predict that Middleby will post 6.82 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MIDD. JPMorgan Chase & Co. lowered their price target 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. Weiss Ratings lowered shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Canaccord Genuity Group boosted their target price on Middleby from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp set a $152.00 price target on shares of Middleby in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Middleby has an average rating of “Moderate Buy” and an average price target of $159.25.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported third-quarter adjusted earnings of $2.07 per share, beating the roughly $1.75 consensus, while revenue of $652.6 million also exceeded estimates. Sales rose 7.7% year over year, and the company said adjusted EBITDA increased 10% and results exceeded the high end of its guidance. Middleby third-quarter results
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $7.13–$7.29, above the cited analyst consensus of $6.82. That stronger profit outlook may bolster expectations for the full year. Middleby 2026 guidance
• Positive Sentiment: Canaccord Genuity raised its price target from $152 to $160 and reiterated a Buy rating, signaling increased analyst optimism. Canaccord Genuity analyst ratings
• Neutral Sentiment: Middleby named Chief Commercial Officer Steve Spittle to succeed CEO Tim FitzGerald, with the transition scheduled for April 1, 2027. The planned succession provides a timeline, though investors may assess execution under the incoming CEO. Middleby CEO succession announcement
• Negative Sentiment: Third-quarter EPS declined from $2.37 a year earlier. Also, fourth-quarter revenue guidance of $621 million–$635 million has a midpoint below the cited $631.1 million consensus, suggesting some near-term revenue caution despite the full-year EPS increase. Middleby Q3 earnings and revenue estimates

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.