Thermon Group (NYSE:THR) Issues Earnings Results

Thermon Group (NYSE:THR) announced its quarterly earnings results on Thursday. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02, Zacks reports. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Stock Down 2.9 %

THR traded down $0.77 during trading on Thursday, reaching $26.18. The company had a trading volume of 133,552 shares, compared to its average volume of 131,846. The company has a market cap of $882.00 million, a P/E ratio of 20.53 and a beta of 1.10. Thermon Group has a 12 month low of $25.50 and a 12 month high of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85. The business’s fifty day moving average price is $29.58 and its 200 day moving average price is $29.51.

Insider Transactions at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the transaction, the senior vice president now directly owns 57,773 shares in the company, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

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.