Thermon Group (NYSE:THR) Updates FY 2025 Earnings Guidance

Thermon Group (NYSE:THR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.770-1.890 for the period, compared to the consensus earnings per share estimate of 1.980. The company issued revenue guidance of $495.0 million-$510.0 million, compared to the consensus revenue estimate of $538.7 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

Thermon Group Trading Up 9.2 %

Shares of THR stock opened at $29.44 on Thursday. The company has a market capitalization of $995.07 million, a P/E ratio of 20.59 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $28.59 and its two-hundred day moving average is $30.46. Thermon Group has a twelve month low of $23.76 and a twelve month high of $35.93.

Thermon Group (NYSE:THR) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts forecast that Thermon Group will post 1.98 EPS for the current year.

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 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.