Thermon Group (THR) Scheduled to Post Quarterly Earnings on Wednesday

Thermon Group (NYSE:THR) will 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.34 earnings per share (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 company had revenue of $127.65 million during the quarter, compared to analyst estimates 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 Price Performance

Thermon Group stock traded up $0.53 during midday trading on Tuesday, hitting $29.60. 44,949 shares of the company’s stock were exchanged, compared to its average volume of 220,734. The stock has a 50-day moving average price of $31.07 and a two-hundred day moving average price of $30.83. Thermon Group has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a market cap of $1.00 billion, a P/E ratio of 19.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.51.

Insider Transactions at Thermon Group

In related news, SVP Mark John Roberts sold 2,910 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $33.35, for a total transaction of $97,048.50. Following the completion of the sale, the senior vice president now directly owns 50,920 shares in the company, valued at approximately $1,698,182. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 completion of the transaction, the director now directly owns 57,315 shares in the company, valued at $1,925,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark John Roberts sold 2,910 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $33.35, for a total value of $97,048.50. Following the sale, the senior vice president now owns 50,920 shares in the company, valued at $1,698,182. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,910 shares of company stock worth $462,849. 2.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

THR has been the subject of a number of research reports. Roth Mkm boosted their price target on shares of Thermon Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Finally, CJS Securities began coverage on Thermon Group in a report on Monday, April 29th. They issued an “outperform” rating and a $42.00 price objective for the company.

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.