Zacks: Analysts Expect Thermon Group Holdings Inc (THR) to Announce $0.37 Earnings Per Share

Wall Street brokerages expect Thermon Group Holdings Inc (NYSE:THR) to announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Two analysts have made estimates for Thermon Group’s earnings, with estimates ranging from $0.36 to $0.37. Thermon Group posted earnings per share of $0.24 during the same quarter last year, which suggests a positive year over year growth rate of 54.2%. The company is scheduled to issue its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Thermon Group will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.18 to $1.20. For the next year, analysts forecast that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Thermon Group.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $90.15 million during the quarter, compared to the consensus estimate of $87.25 million. Thermon Group had a return on equity of 10.22% and a net margin of 3.45%. Thermon Group’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share.

THR has been the topic of a number of recent analyst reports. SunTrust Banks upgraded Thermon Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, November 1st. ValuEngine lowered Thermon Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets cut their price objective on Thermon Group from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Finally, Zacks Investment Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Shares of THR stock opened at $22.17 on Wednesday. The company has a market capitalization of $723.29 million, a PE ratio of 21.34 and a beta of 1.15. Thermon Group has a fifty-two week low of $20.49 and a fifty-two week high of $27.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.40 and a current ratio of 3.62.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Thermon Group by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,830,455 shares of the technology company’s stock valued at $72,968,000 after purchasing an additional 53,777 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Thermon Group by 1,662.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,784 shares of the technology company’s stock valued at $108,000 after purchasing an additional 2,626 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Thermon Group by 6.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 256,579 shares of the technology company’s stock valued at $6,615,000 after purchasing an additional 15,646 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Thermon Group by 51.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 24,009 shares of the technology company’s stock valued at $619,000 after purchasing an additional 8,162 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Thermon Group by 6.6% in the 3rd quarter. Renaissance Technologies LLC now owns 500,490 shares of the technology company’s stock valued at $12,903,000 after purchasing an additional 30,890 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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