Middleby Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings

Middleby Corp (NASDAQ:MIDD) reported better-than-expected fourth quarter adjusted EPS results on Thursday.

Middleby posted adjusted EPS of $2.42, beating market estimates of $2.27. The company's quarterly sales came in at $866.425 million, versus expectations of $985.972 million.

Middleby said it sees FY2026 adjusted EPS of $9.20-$9.36, versus estimates of $9.54. The company sees sales of $3.270 billion-$3.360 billion, versus estimates of $4.004 billion.

Tim FitzGerald, CEO of The Middleby Corporation said, “2025 was a transformational year for Middleby as we executed decisive portfolio actions to unlock significant shareholder value. We recently completed the sale of a 51% stake in our Residential Kitchen business at an $885 million enterprise valuation, first announced in December, delivering approximately $565 million in cash proceeds while retaining meaningful upside through our 49% ownership.”

Middleby shares fell 0.3% to $166.50 in pre-market trading.

These analysts made changes to their price targets on Middleby following earnings announcement.

• Baird analyst Mig Dobre maintained Middleby with an Outperform rating and raised the price target from $159 to $197.
• Keybanc analyst Jeffrey Hammond maintained the stock with an Overweight rating and increased the price target from $175 to $190.

Considering buying MIDD stock? Here’s what analysts think:

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