Middleby (NASDAQ:MIDD) Issues Q3 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.670-1.830 for the period, compared to the consensus EPS estimate of 1.950. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $696.6 million. Middleby also updated its FY 2026 guidance to 6.730-6.890 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Canaccord Genuity Group set a $165.00 price objective on Middleby in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a report on Wednesday, July 29th. KeyCorp set a $152.00 price objective on shares of Middleby in a research note on Tuesday, July 14th. Robert W. Baird downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group dropped their target price 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. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Middleby currently has a consensus rating of “Moderate Buy” and an average price target of $169.50.

Middleby Stock Down 3.1%

Shares of MIDD opened at $130.30 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of -15.37 and a beta of 1.32. Middleby has a 1 year low of $110.82 and a 1 year high of $180.13. The business’s 50 day simple moving average is $149.83 and its 200-day simple moving average is $148.95.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The company had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, equities analysts expect that Middleby will post 9.54 earnings per share for the current fiscal year.

Key Stories Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported second-quarter revenue of approximately $875.5 million, up 9.9% year over year and above the $837.0 million consensus estimate. Reported EPS of $2.35 also exceeded expectations of $2.09. The Middleby Corporation Reports Second Quarter Results
• Positive Sentiment: Commercial Foodservice sales reached $630.6 million, with organic growth of 8.3%. The company also repurchased 1.4 million shares during the quarter and 3.8 million shares year to date, supporting per-share value.
• Positive Sentiment: Management said results exceeded the high end of its revenue and adjusted EBITDA outlook. The completed separation of the Food Processing business into independent company Midera marks a major strategic milestone and should allow Middleby to focus on its core commercial foodservice operations.
• Neutral Sentiment: Analysts cited a consensus price target of $169.50, substantially above the stock’s recent trading level, although price targets may be revised following the weaker outlook. Middleby Receives Consensus Price Target
• Negative Sentiment: Third-quarter 2026 guidance calls for EPS of $1.67-$1.83 and revenue of $620 million-$640 million, below analyst estimates of $1.95 EPS and $696.6 million revenue.
• Negative Sentiment: Full-year 2026 guidance of $6.73-$6.89 EPS and approximately $2.48-$2.53 billion in revenue is also below consensus expectations of $8.48 EPS and $2.9 billion revenue. This outlook reset is the primary reason the stock is declining despite the quarterly beat.
• Negative Sentiment: Continuing-operations net earnings and GAAP EPS were lower than the prior-year period, while the company reported a negative net margin, highlighting ongoing profitability concerns after the business separation.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MIDD. T. Rowe Price Investment Management Inc. raised its position in Middleby by 4,256.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after purchasing an additional 705,560 shares during the period. Invesco Ltd. raised its position in Middleby by 40.6% in the 4th quarter. Invesco Ltd. now owns 1,432,021 shares of the industrial products company’s stock worth $212,899,000 after purchasing an additional 413,485 shares during the period. Corient Private Wealth LLC lifted its stake in Middleby by 300.5% in the fourth quarter. Corient Private Wealth LLC now owns 31,354 shares of the industrial products company’s stock worth $4,662,000 after purchasing an additional 23,526 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Middleby by 88.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,400 shares of the industrial products company’s stock worth $1,100,000 after purchasing an additional 3,471 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Middleby by 15.2% during the fourth quarter. Vident Advisory LLC now owns 6,870 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 909 shares during the period. Institutional investors own 98.55% of the company’s stock.

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.