Zacks Research Forecasts Middleby FY2028 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Equities researchers at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Middleby in a report issued on Thursday, March 19th. Zacks Research analyst Team expects that the industrial products company will earn $10.86 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

Several other brokerages have also recently commented on MIDD. Robert W. Baird increased their price target on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their price objective on Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. KeyCorp lifted their target price on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Canaccord Genuity Group set a $187.00 price target on Middleby and gave the company a “buy” rating in a report on Tuesday, February 24th. Five 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.17.

Middleby Price Performance

MIDD opened at $135.81 on Friday. The company has a 50-day moving average of $154.00 and a 200-day moving average of $141.00. The company has a market capitalization of $6.41 billion, a P/E ratio of -23.70 and a beta of 1.37. Middleby has a 1-year low of $110.82 and a 1-year high of $169.44. 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 (NASDAQ:MIDD) last released its earnings results on Thursday, February 26th. The industrial products company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.13). The business had revenue of $334.59 million for the quarter, compared to analysts’ expectations of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 earnings per share. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS.

Hedge Funds Weigh In On Middleby

A number of large investors have recently bought and sold shares of MIDD. Torren Management LLC acquired a new stake in shares of Middleby during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC lifted its holdings in shares of Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Danske Bank A S acquired a new position in Middleby during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after buying an additional 181 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Middleby by 168.8% during the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. 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.