Thermon Group Holdings, Inc. (THR) Releases Q2 Earnings Guidance

Thermon Group Holdings, Inc. (NYSE:THR) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.13-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $61-62 million, compared to the consensus revenue estimate of $63.94 million.

Shares of Thermon Group Holdings, Inc. (THR) opened at 20.57 on Monday. Thermon Group Holdings, Inc. has a 12 month low of $15.74 and a 12 month high of $21.52. The firm has a market capitalization of $666.51 million, a PE ratio of 54.27 and a beta of 0.97. The stock has a 50 day moving average of $18.10 and a 200-day moving average of $18.74.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The firm had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same period last year, the firm earned $0.08 EPS. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post $0.41 EPS for the current fiscal year.

THR has been the subject of several analyst reports. Jefferies Group LLC reissued a buy rating and issued a $25.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. BidaskClub raised shares of Thermon Group Holdings from a hold rating to a buy rating in a research note on Thursday, July 6th. ValuEngine raised shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, July 27th. Finally, Wolfe Research initiated coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a market perform rating for the company. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $24.50.

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Thermon Group Holdings Company Profile

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

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