Equities research analysts expect Thermon Group Holdings Inc (NYSE:THR) to report earnings of $0.29 per share for the current quarter, Zacks reports. Two analysts have made estimates for Thermon Group’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. Thermon Group posted earnings per share of $0.34 during the same quarter last year, which suggests a negative year-over-year growth rate of 14.7%. The company is scheduled to announce its next earnings results on Thursday, May 23rd.
On average, analysts expect that Thermon Group will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.13 to $1.18. For the next year, analysts forecast that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.27 to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Thermon Group.
Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Thermon Group had a return on equity of 10.70% and a net margin of 5.50%. The company had revenue of $119.36 million for the quarter, compared to analyst estimates of $100.28 million. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis.
THR has been the topic of a number of recent research reports. TheStreet upgraded Thermon Group from a “c+” rating to a “b+” rating in a report on Monday, March 4th. ValuEngine lowered Thermon Group from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research upgraded Thermon Group from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.50.
Shares of THR stock traded up $0.27 during trading hours on Friday, reaching $26.16. The company had a trading volume of 83,318 shares, compared to its average volume of 73,426. Thermon Group has a 12 month low of $18.37 and a 12 month high of $27.95. The company has a quick ratio of 2.38, a current ratio of 3.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $852.87 million, a PE ratio of 26.42 and a beta of 1.35.
A number of institutional investors have recently modified their holdings of THR. Wells Fargo & Company MN lifted its holdings in Thermon Group by 2.4% during the third quarter. Wells Fargo & Company MN now owns 151,909 shares of the technology company’s stock worth $3,917,000 after acquiring an additional 3,596 shares during the period. BlackRock Inc. raised its stake in shares of Thermon Group by 4.2% in the third quarter. BlackRock Inc. now owns 2,140,293 shares of the technology company’s stock valued at $55,176,000 after buying an additional 86,488 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Thermon Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,739,830 shares of the technology company’s stock valued at $44,853,000 after buying an additional 22,683 shares during the period. Renaissance Technologies LLC raised its stake in shares of Thermon Group by 6.6% in the third quarter. Renaissance Technologies LLC now owns 500,490 shares of the technology company’s stock valued at $12,903,000 after buying an additional 30,890 shares during the period. Finally, MetLife Investment Advisors LLC raised its stake in shares of Thermon Group by 51.5% in the third quarter. MetLife Investment Advisors LLC now owns 24,009 shares of the technology company’s stock valued at $619,000 after buying an additional 8,162 shares during the period.
Thermon Group Company Profile
Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.
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