Middleby (NASDAQ:MIDD) Announces Q4 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its fourth quarter 2026 earnings guidance on Thursday morning. The company provided 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 Stock Performance

Shares of MIDD stock traded up $2.59 during trading on Thursday, reaching $130.14. 779,304 shares of the company’s stock traded hands, 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 market capitalization of $5.88 billion, a P/E ratio of -14.05 and a beta of 1.29. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $110.62 and its 200 day moving average is $137.29.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. The firm had revenue of $652.58 million for the quarter, compared to the consensus estimate of $634.04 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 earnings per share. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. Equities research analysts expect that Middleby will post 6.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group set a $152.00 target price on shares of Middleby and gave the company a “buy” rating in a report on Thursday, October 29th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. KeyCorp set a $152.00 price target on Middleby in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby has a consensus rating of “Moderate Buy” and a consensus price target of $158.25.

Middleby News Summary

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q3 EPS of $2.07 beat the roughly $1.75 analyst consensus, while revenue of $652.6 million exceeded expectations of about $634 million and rose 7.7% year over year. The company also cited record quarterly sales and 10% growth in adjusted EBITDA. The Middleby Corporation Reports Third Quarter Results
• Positive Sentiment: Middleby’s FY 2026 EPS guidance of $7.13–$7.29 is above the $6.82 consensus, a favorable signal for its earnings outlook. Full-year revenue guidance of $2.5 billion is in line with expectations.
• Neutral Sentiment: Q4 EPS guidance of $1.76–$1.92 brackets the $1.79 consensus, but the revenue range of $621–$635 million has a midpoint slightly below analysts’ $631.1 million estimate.
• Neutral Sentiment: The company announced a CEO transition. The available report does not provide details about timing or succession, so the effect on investors is unclear. Middleby Announces Chief Executive Officer Transition
• Negative Sentiment: Despite the quarterly beat, EPS declined from $2.37 in the year-ago quarter, tempering the otherwise strong results.

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.