Thermon Group (THR) to Release Quarterly Earnings on Wednesday

Thermon Group (NYSE:THR) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Thermon Group has set its FY 2025 guidance at 1.900-2.060 EPS and its FY25 guidance at ~1.90-2.06 EPS.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Thermon Group had a return on equity of 13.64% and a net margin of 10.43%. The firm had revenue of $127.65 million during the quarter, compared to analysts’ expectations of $127.19 million. On average, analysts expect Thermon Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Thermon Group Stock Performance

Shares of NYSE THR opened at $32.81 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.51. The stock has a 50 day moving average price of $31.44 and a 200 day moving average price of $30.84. The stock has a market capitalization of $1.11 billion, a PE ratio of 21.87 and a beta of 1.08. Thermon Group has a 52 week low of $23.76 and a 52 week high of $35.93.

Insider Buying and Selling at Thermon Group

In related news, Director John T. Nesser III sold 6,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $33.60, for a total transaction of $201,600.00. Following the sale, the director now owns 57,315 shares of the company’s stock, valued at approximately $1,925,784. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Thermon Group news, Director Kevin J. Mcginty sold 5,000 shares of Thermon Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $32.84, for a total transaction of $164,200.00. Following the transaction, the director now directly owns 38,109 shares of the company’s stock, valued at approximately $1,251,499.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Nesser III sold 6,000 shares of Thermon Group stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $33.60, for a total value of $201,600.00. Following the transaction, the director now directly owns 57,315 shares in the company, valued at $1,925,784. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,910 shares of company stock valued at $462,849. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on THR shares. CJS Securities started coverage on Thermon Group in a research note on Monday, April 29th. They set an “outperform” rating and a $42.00 target price on the stock. Roth Mkm increased their target price on Thermon Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th.

Thermon Group Company Profile

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 provides 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.