Thermon Group (NYSE:THR) Updates FY 2025 Earnings Guidance

Thermon Group (NYSE:THR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.770-1.890 for the period, compared to the consensus estimate of 1.800. The company issued revenue guidance of $495.0 million-$515.0 million, compared to the consensus revenue estimate of $500.7 million.

Thermon Group Price Performance

Shares of NYSE THR traded up $1.04 during mid-day trading on Friday, reaching $27.56. The company’s stock had a trading volume of 304,863 shares, compared to its average volume of 138,779. The stock has a 50-day moving average of $29.48 and a two-hundred day moving average of $29.49. The stock has a market capitalization of $928.46 million, a P/E ratio of 20.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. Thermon Group has a 1-year low of $25.76 and a 1-year high of $35.93.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.77%. On average, equities research analysts anticipate that Thermon Group will post 1.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Insider Activity at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

Thermon Group Company Profile

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.