Analysts Anticipate Thermon Group Holdings Inc (THR) to Announce $0.29 EPS

Brokerages forecast that Thermon Group Holdings Inc (NYSE:THR) will report $0.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Thermon Group’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. Thermon Group reported earnings of $0.34 per share during the same quarter last year, which would suggest a negative year over year growth rate of 14.7%. The firm is expected to issue its next quarterly earnings report on Thursday, May 23rd.

According to Zacks, analysts expect that Thermon Group will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts anticipate that the company will post earnings of $1.36 per share, with EPS estimates ranging from $1.27 to $1.45. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Thermon Group.

Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Thermon Group had a net margin of 5.50% and a return on equity of 10.70%. The firm had revenue of $119.36 million during the quarter, compared to analysts’ expectations of $100.28 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue was up 28.8% compared to the same quarter last year.

THR has been the subject of several analyst reports. ValuEngine cut shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. TheStreet upgraded shares of Thermon Group from a “c+” rating to a “b+” rating in a research note on Monday, March 4th. Finally, Zacks Investment Research cut shares of Thermon Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Thermon Group presently has an average rating of “Buy” and an average price target of $28.50.

THR opened at $26.00 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.35 and a debt-to-equity ratio of 0.62. Thermon Group has a 1 year low of $18.37 and a 1 year high of $27.95. The firm has a market capitalization of $847.93 million, a P/E ratio of 26.26 and a beta of 1.35.

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Thermon Group by 13.6% during the fourth quarter. Legal & General Group Plc now owns 6,040 shares of the technology company’s stock worth $122,000 after acquiring an additional 722 shares during the period. Victory Capital Management Inc. raised its position in Thermon Group by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 19,613 shares of the technology company’s stock worth $398,000 after acquiring an additional 765 shares during the period. Citigroup Inc. raised its position in Thermon Group by 16.3% during the fourth quarter. Citigroup Inc. now owns 10,881 shares of the technology company’s stock worth $221,000 after acquiring an additional 1,528 shares during the period. OLD National Bancorp IN raised its position in Thermon Group by 11.3% during the fourth quarter. OLD National Bancorp IN now owns 15,761 shares of the technology company’s stock worth $320,000 after acquiring an additional 1,599 shares during the period. Finally, Teachers Advisors LLC raised its position in Thermon Group by 1.6% during the third quarter. Teachers Advisors LLC now owns 118,258 shares of the technology company’s stock worth $3,049,000 after acquiring an additional 1,850 shares during the period.

About Thermon Group

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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Earnings History and Estimates for Thermon Group (NYSE:THR)

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