Middleby (NASDAQ:MIDD) Releases Q2 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.270-2.390 for the period, compared to the consensus estimate of 2.280. The company issued revenue guidance of $815.0 million-$850.0 million, compared to the consensus revenue estimate of $827.7 million. Middleby also updated its FY 2026 guidance to 9.540-9.700 EPS.

Middleby Stock Performance

NASDAQ:MIDD opened at $142.50 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. Middleby has a 52-week low of $110.82 and a 52-week high of $169.44. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of -24.87 and a beta of 1.34. The business’s fifty day moving average is $143.89 and its 200 day moving average is $141.79.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The company had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Research analysts predict that Middleby will post 9.23 EPS for the current year.

Wall Street Analysts Forecast Growth

MIDD has been the topic of a number of analyst reports. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the company a “buy” rating in a research note on Tuesday, February 24th. Robert W. Baird boosted their price objective on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. decreased their price objective on Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, Zacks Research lowered Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.57.

Hedge Funds Weigh In On Middleby

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Danske Bank A S purchased a new position in Middleby during the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after buying an additional 141 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Middleby during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC grew its position in Middleby by 280.2% during the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after buying an additional 241 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after buying an additional 205 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

About Middleby

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.