Brokerages Anticipate Thermon Group Holdings, Inc. (THR) to Post $0.05 EPS

Equities research analysts forecast that Thermon Group Holdings, Inc. (NYSE:THR) will post $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Thermon Group Holdings’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.03. Thermon Group Holdings posted earnings per share of $0.08 in the same quarter last year, which would suggest a negative year over year growth rate of 37.5%. The company is expected to announce its next quarterly earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Thermon Group Holdings will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.44 to $0.48. For the next year, analysts anticipate that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.65 to $0.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Thermon Group Holdings.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Thermon Group Holdings had a net margin of 5.54% and a return on equity of 4.60%. The business had revenue of $67.60 million for the quarter, compared to the consensus estimate of $66.24 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis.

Several equities research analysts recently commented on the company. BMO Capital Markets raised Thermon Group Holdings from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.00 to $23.00 in a research note on Monday, March 27th. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub raised Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Wolfe Research assumed coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.00.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. OLD National Bancorp IN raised its position in shares of Thermon Group Holdings by 32.5% in the second quarter. OLD National Bancorp IN now owns 20,572 shares of the technology company’s stock valued at $394,000 after buying an additional 5,049 shares during the last quarter. Fenimore Asset Management Inc. raised its position in shares of Thermon Group Holdings by 0.4% in the second quarter. Fenimore Asset Management Inc. now owns 537,915 shares of the technology company’s stock valued at $10,312,000 after buying an additional 2,125 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of Thermon Group Holdings by 40.5% in the second quarter. Confluence Investment Management LLC now owns 220,906 shares of the technology company’s stock valued at $4,235,000 after buying an additional 63,685 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Thermon Group Holdings by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,391,696 shares of the technology company’s stock valued at $29,003,000 after buying an additional 98,201 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Thermon Group Holdings by 10.8% in the first quarter. Bank of America Corp DE now owns 240,368 shares of the technology company’s stock valued at $5,010,000 after buying an additional 23,395 shares during the last quarter.

Thermon Group Holdings (THR) traded up 0.05% during trading on Friday, hitting $18.41. The stock had a trading volume of 85,978 shares. The stock has a 50 day moving average of $19.14 and a 200 day moving average of $19.84. The firm has a market capitalization of $595.93 million, a P/E ratio of 40.91 and a beta of 1.00. Thermon Group Holdings has a one year low of $16.50 and a one year high of $21.48.

Thermon Group Holdings Company Profile

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Earnings History and Estimates for Thermon Group Holdings (NYSE:THR)

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