Equities analysts expect Thermon Group Holdings Inc (NYSE:THR) to announce sales of $97.08 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Thermon Group’s earnings, with the lowest sales estimate coming in at $95.97 million and the highest estimate coming in at $98.20 million. Thermon Group reported sales of $67.58 million in the same quarter last year, which indicates a positive year-over-year growth rate of 43.7%. The business is scheduled to announce its next earnings report on Wednesday, May 23rd.
According to Zacks, analysts expect that Thermon Group will report full-year sales of $97.08 million for the current year, with estimates ranging from $301.99 million to $304.20 million. For the next year, analysts expect that the business will report sales of $375.39 million per share, with estimates ranging from $374.47 million to $376.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Thermon Group.
Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. The firm had revenue of $92.70 million during the quarter, compared to analysts’ expectations of $80.42 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 44.2% on a year-over-year basis.
Thermon Group (NYSE:THR) traded up $0.32 during trading hours on Wednesday, hitting $22.40. The company had a trading volume of 214,761 shares, compared to its average volume of 129,431. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.27 and a quick ratio of 3.04. Thermon Group has a 12-month low of $15.74 and a 12-month high of $26.50. The stock has a market capitalization of $722.11, a PE ratio of 74.20 and a beta of 0.96.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THR. Carillon Tower Advisers Inc. purchased a new position in Thermon Group during the 4th quarter valued at approximately $36,096,000. Deutsche Bank AG grew its holdings in Thermon Group by 221.4% during the 4th quarter. Deutsche Bank AG now owns 553,044 shares of the technology company’s stock valued at $13,088,000 after buying an additional 380,978 shares in the last quarter. WCM Investment Management CA grew its holdings in Thermon Group by 154.5% during the 4th quarter. WCM Investment Management CA now owns 621,027 shares of the technology company’s stock valued at $14,700,000 after buying an additional 376,978 shares in the last quarter. American Century Companies Inc. grew its holdings in Thermon Group by 93.3% during the 3rd quarter. American Century Companies Inc. now owns 673,701 shares of the technology company’s stock valued at $12,120,000 after buying an additional 325,206 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Thermon Group by 43.5% during the 2nd quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock valued at $10,725,000 after buying an additional 169,600 shares in the last quarter.
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Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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