Thermon Group (NYSE:THR) Releases Earnings Results, Beats Expectations By $0.03 EPS

Thermon Group (NYSE:THR) released its quarterly earnings data on Thursday. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03, Briefing.com reports. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. During the same period in the previous year, the business earned $0.49 EPS. Thermon Group’s revenue was down 7.4% compared to the same quarter last year. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS and its FY25 guidance to $1.77-1.89 EPS.

Thermon Group Price Performance

Shares of THR traded down $0.97 during trading hours on Friday, reaching $28.06. 218,973 shares of the company’s stock traded hands, compared to its average volume of 191,500. 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 firm’s 50 day simple moving average is $28.55 and its 200-day simple moving average is $30.45. The stock has a market cap of $948.48 million, a PE ratio of 21.85 and a beta of 1.07. Thermon Group has a 12 month low of $23.76 and a 12 month high of $35.93.

Analysts Set New Price Targets

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

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.