Thermon Group (THR) Set to Announce Quarterly Earnings on Thursday

Thermon Group (NYSE:THR) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Thermon Group to post earnings of $0.35 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. 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 Stock Up 2.8 %

Shares of NYSE THR opened at $26.95 on Wednesday. The business’s fifty day simple moving average is $28.60 and its 200-day simple moving average is $30.47. The company has a current ratio of 2.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.31. Thermon Group has a 12-month low of $23.76 and a 12-month high of $35.93. The stock has a market cap of $910.91 million, a P/E ratio of 18.85 and a beta of 1.07.

Analysts Set New Price Targets

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.

About Thermon Group

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.