Equities analysts expect Thermon Group Holdings, Inc. (NYSE:THR) to report $63.30 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Thermon Group Holdings’ earnings. The lowest sales estimate is $57.80 million and the highest is $66.20 million. Thermon Group Holdings reported sales of $68.81 million in the same quarter last year, which would suggest a negative year over year growth rate of 8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Thermon Group Holdings will report full-year sales of $63.30 million for the current year, with estimates ranging from $238.79 million to $254.70 million. For the next year, analysts expect that the firm will post sales of $270.73 million per share, with estimates ranging from $269.50 million to $272.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Thermon Group Holdings.
Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS.
A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Thermon Group Holdings in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. ValuEngine raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets dropped their price objective on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.50.
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A number of institutional investors have recently added to or reduced their stakes in THR. SG Americas Securities LLC acquired a new position in Thermon Group Holdings during the 1st quarter valued at about $109,000. Victory Capital Management Inc. increased its stake in Thermon Group Holdings by 32.5% during the 1st quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares during the period. Legal & General Group Plc increased its stake in Thermon Group Holdings by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Thermon Group Holdings during the 1st quarter valued at about $215,000. Finally, M&T Bank Corp increased its stake in Thermon Group Holdings by 0.8% during the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after buying an additional 99 shares during the period.
Thermon Group Holdings (NYSE THR) traded up 1.00% during mid-day trading on Wednesday, reaching $17.25. 31,548 shares of the company were exchanged. The stock has a market capitalization of $558.93 million, a P/E ratio of 45.51 and a beta of 0.98. The company’s 50 day moving average price is $17.02 and its 200-day moving average price is $18.97. Thermon Group Holdings has a 12 month low of $15.74 and a 12 month high of $21.48.
About Thermon Group Holdings
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