Jefferies Group Research Analysts Lower Earnings Estimates for Thermon Group Holdings Inc (THR)

Thermon Group Holdings Inc (NYSE:THR) – Analysts at Jefferies Group lowered their FY2018 EPS estimates for shares of Thermon Group Holdings in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Bohra now forecasts that the technology company will post earnings of $0.48 per share for the year, down from their prior estimate of $0.71. Jefferies Group currently has a “Buy” rating and a $22.00 price target on the stock. Jefferies Group also issued estimates for Thermon Group Holdings’ FY2019 earnings at $0.65 EPS.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets restated a “hold” rating and set a $20.00 price objective on shares of Thermon Group Holdings in a research report on Thursday, February 9th. ValuEngine cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.

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

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Thermon Group Holdings (NYSE:THR) opened at 17.84 on Monday. The stock has a market capitalization of $576.98 million, a PE ratio of 39.64 and a beta of 1.10. Thermon Group Holdings has a 1-year low of $16.50 and a 1-year high of $21.48. The company’s 50-day moving average is $20.16 and its 200 day moving average is $20.05.

Thermon Group Holdings (NYSE:THR) last posted its earnings results 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. The company had revenue of $67.60 million for the quarter, compared to analysts’ expectations of $66.24 million. Thermon Group Holdings had a net margin of 5.43% and a return on equity of 5.71%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share.

Large investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. boosted its stake in shares of Thermon Group Holdings by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,323,241 shares of the technology company’s stock worth $48,416,000 after buying an additional 205,095 shares during the period. Rutabaga Capital Management LLC MA boosted its stake in shares of Thermon Group Holdings by 38.6% in the first quarter. Rutabaga Capital Management LLC MA now owns 507,816 shares of the technology company’s stock worth $10,583,000 after buying an additional 141,302 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Thermon Group Holdings during the fourth quarter worth approximately $2,436,000. Vanguard Group Inc. boosted its stake in shares of Thermon Group Holdings by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,504,522 shares of the technology company’s stock worth $52,194,000 after buying an additional 122,623 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake 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 worth $29,003,000 after buying an additional 98,201 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

About Thermon Group Holdings

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