Thermon Group (NYSE:THR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Thermon Group (NYSE:THR) posted its earnings results on Thursday. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02, Zacks reports. Thermon Group had a net margin of 9.48% and a return on equity of 11.77%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Stock Up 3.9 %

Thermon Group stock opened at $27.56 on Friday. Thermon Group has a 52 week low of $25.76 and a 52 week high of $35.93. The stock has a market cap of $928.46 million, a price-to-earnings ratio of 20.26 and a beta of 1.10. The company’s 50-day moving average price is $29.48 and its two-hundred day moving average price is $29.49. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

Insiders Place Their Bets

In related news, SVP David Buntin sold 28,137 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.