Thermon Group (NYSE:THR) Posts Earnings Results

Thermon Group (NYSE:THR) issued its quarterly earnings data on Thursday. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03, Briefing.com reports. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The firm had revenue of $114.60 million during the quarter, compared to analysts’ expectations of $116.19 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS and its FY25 guidance to $1.77-1.89 EPS.

Thermon Group Stock Down 3.3 %

NYSE:THR traded down $0.97 on Friday, hitting $28.06. The stock had a trading volume of 218,973 shares, compared to its average volume of 191,500. The stock has a market cap of $948.48 million, a P/E ratio of 21.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. The firm’s fifty day simple moving average is $28.55 and its two-hundred day simple moving average is $30.45. Thermon Group has a 1 year low of $23.76 and a 1 year high of $35.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research 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.