Equities Analysts Offer Predictions for Middleby Q4 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Zacks Research increased their Q4 2027 earnings estimates for shares of Middleby in a note issued to investors on Monday, October 5th. Zacks Research analyst Team now forecasts that the industrial products company will earn $1.95 per share for the quarter, up from their prior forecast of $1.93. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Middleby’s Q2 2028 earnings at $2.04 EPS and FY2028 earnings at $8.05 EPS.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same period last year, the business posted $2.35 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS.

MIDD has been the subject of several other research reports. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays reissued an “overweight” rating and issued a $145.00 price target (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Canaccord Genuity Group set a $160.00 price target on shares of Middleby and gave the company a “buy” rating in a research note on Tuesday, September 1st. Jefferies Financial Group dropped their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, KeyCorp set a $152.00 price objective on shares of Middleby in a report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $159.25.

Middleby Stock Up 0.2%

Shares of NASDAQ:MIDD opened at $105.40 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. Middleby has a 52-week low of $102.14 and a 52-week high of $180.13. The business’s 50 day simple moving average is $114.15 and its two-hundred day simple moving average is $135.72. The firm has a market cap of $4.77 billion, a P/E ratio of -11.38 and a beta of 1.32.

Institutional Investors Weigh In On Middleby

Several institutional investors have recently bought and sold shares of MIDD. BlackRock Inc. bought a new position in Middleby during the 2nd quarter valued at $676,035,000. Garden Investment Management L.P. grew its stake in shares of Middleby by 3.1% in the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after acquiring an additional 102,903 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Middleby in the 2nd quarter worth $138,803,000. Clarkston Capital Partners LLC raised its holdings in shares of Middleby by 21.5% in the fourth quarter. Clarkston Capital Partners LLC now owns 788,809 shares of the industrial products company’s stock valued at $117,272,000 after purchasing an additional 139,637 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Middleby by 6.5% during the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after purchasing an additional 49,228 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

About Middleby

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company’s residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.