Equities Analysts Issue Forecasts for Middleby Q2 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Analysts at Zacks Research dropped their Q2 2026 earnings estimates for Middleby in a report issued on Thursday, May 28th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.29 per share for the quarter, down from their previous forecast of $2.30. The consensus estimate for Middleby’s current full-year earnings is $9.56 per share. Zacks Research also issued estimates for Middleby’s Q3 2026 earnings at $2.38 EPS, FY2026 earnings at $9.54 EPS, Q1 2027 earnings at $2.25 EPS, Q2 2027 earnings at $2.65 EPS, FY2027 earnings at $10.20 EPS and Q1 2028 earnings at $2.56 EPS.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. Middleby’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a research note on Friday, May 8th. KeyCorp increased their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Barclays reissued an “overweight” rating and set a $190.00 target price (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Finally, Robert W. Baird set a $205.00 target price on shares of Middleby in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Price Performance

MIDD stock opened at $154.11 on Friday. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of -18.17 and a beta of 1.34. Middleby has a 12-month low of $110.82 and a 12-month high of $169.44. The company’s fifty day simple moving average is $142.38 and its 200 day simple moving average is $144.26. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $858,161,000 after buying an additional 1,902,957 shares during the last quarter. Garden Investment Management L.P. raised its holdings in shares of Middleby by 3.1% in the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after purchasing an additional 102,903 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Middleby by 3.6% in 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 raised its holdings in shares of Middleby by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock valued at $220,950,000 after purchasing an additional 58,696 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of 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 valued at $194,318,000 after purchasing an additional 59,050 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

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.