Thermon Group (NYSE:THR) posted its quarterly earnings results on Tuesday. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10, Briefing.com reports. Thermon Group had a net margin of 5.10% and a return on equity of 10.42%. The company had revenue of $102.90 million during the quarter, compared to analyst estimates of $92.24 million. During the same period last year, the firm posted $0.22 EPS. Thermon Group’s revenue for the quarter was up 14.1% compared to the same quarter last year.
Thermon Group stock traded up $0.30 during trading on Thursday, reaching $27.52. The company had a trading volume of 1,457 shares, compared to its average volume of 91,276. The firm’s 50-day simple moving average is $23.22 and its 200 day simple moving average is $24.01. Thermon Group has a 1-year low of $18.37 and a 1-year high of $27.73. The firm has a market capitalization of $820.84 million, a PE ratio of 23.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.44 and a current ratio of 3.44.
A number of brokerages have recently commented on THR. ValuEngine cut shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Zacks Investment Research cut shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.
In other Thermon Group news, SVP James Pribble bought 1,400 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $21.35 per share, with a total value of $29,890.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roger L. Fix bought 2,250 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $22.10 per share, for a total transaction of $49,725.00. Following the purchase, the director now owns 3,167 shares in the company, valued at $69,990.70. The disclosure for this purchase can be found here. Insiders purchased a total of 8,650 shares of company stock worth $186,965 in the last three months. 1.40% of the stock is owned by corporate insiders.
Thermon Group Company Profile
Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.
Read More: The Discount Rate – What You Need to Know
Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.