Analysts expect Thermon Group Holdings Inc (NYSE:THR) to post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Thermon Group’s earnings. Thermon Group also reported earnings per share of $0.16 in the same quarter last year. The business is expected to report its next earnings report before the market opens on Wednesday, February 14th.
According to Zacks, analysts expect that Thermon Group will report full-year earnings of $0.49 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.71 per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Thermon Group.
Several analysts recently commented on the company. Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, January 12th. William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. BMO Capital Markets increased their price target on Thermon Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, October 24th. Finally, SunTrust Banks restated a “hold” rating and set a $20.00 price target on shares of Thermon Group in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.25.
Shares of Thermon Group (THR) opened at $22.80 on Friday. Thermon Group has a twelve month low of $15.74 and a twelve month high of $26.50. The company has a market capitalization of $739.63, a P/E ratio of 54.29 and a beta of 0.96. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15.
Several institutional investors have recently bought and sold shares of THR. Janus Henderson Group PLC bought a new position in shares of Thermon Group during the 2nd quarter worth approximately $49,144,000. American Century Companies Inc. boosted its holdings in shares of Thermon Group by 93.3% during the 3rd quarter. American Century Companies Inc. now owns 673,701 shares of the technology company’s stock worth $12,120,000 after buying an additional 325,206 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Thermon Group by 43.5% during the 2nd quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock worth $10,725,000 after buying an additional 169,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Thermon Group by 9.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,665,337 shares of the technology company’s stock worth $29,960,000 after buying an additional 148,173 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Thermon Group by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,615,497 shares of the technology company’s stock worth $50,138,000 after buying an additional 110,975 shares in the last quarter.
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Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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