Thermon Group (THR) to Release Quarterly Earnings on Thursday

Thermon Group (NYSE:THR) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $138.91 million for the quarter. Thermon Group has set its FY 2025 guidance at 1.770-1.890 EPS and its FY25 guidance at $1.77-1.89 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The company had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. 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 Down 1.4 %

THR stock opened at $27.31 on Tuesday. 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 firm has a market capitalization of $919.94 million, a P/E ratio of 21.33 and a beta of 1.10. Thermon Group has a 52-week low of $24.11 and a 52-week high of $35.93. The company’s 50 day simple moving average is $29.77 and its 200-day simple moving average is $29.57.

Insider Buying and Selling at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the transaction, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

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.