Thermon Group (NYSE:THR) Announces Earnings Results, Beats Expectations By $0.19 EPS

Thermon Group (NYSE:THR) issued its quarterly earnings data on Thursday. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19, Zacks reports. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The business had revenue of $131.72 million for the quarter, compared to the consensus estimate of $119.43 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Thermon Group updated its FY 2026 guidance to 2.000-2.15 EPS.

Thermon Group Stock Performance

Thermon Group stock traded up $3.45 on Thursday, hitting $32.86. The company’s stock had a trading volume of 529,211 shares, compared to its average volume of 194,578. The firm has a market cap of $1.09 billion, a P/E ratio of 20.80 and a beta of 1.06. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $26.96 and a 200-day moving average price of $27.23. Thermon Group has a one year low of $23.05 and a one year high of $33.71.

Analyst Upgrades and Downgrades

Several equities analysts have commented on THR shares. Wall Street Zen downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thermon Group in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC lifted its stake in Thermon Group by 62.2% during the second quarter. PDT Partners LLC now owns 46,429 shares of the technology company’s stock worth $1,304,000 after purchasing an additional 17,796 shares during the period. AQR Capital Management LLC raised its holdings in shares of Thermon Group by 66.9% in the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after buying an additional 16,177 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Thermon Group by 24.9% in the 1st quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after buying an additional 7,798 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Thermon Group in the 2nd quarter worth approximately $674,000. Finally, Cerity Partners LLC raised its holdings in shares of Thermon Group by 47.5% in the 2nd quarter. Cerity Partners LLC now owns 23,604 shares of the technology company’s stock worth $663,000 after buying an additional 7,596 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.