Thermon Group Holdings (THR) Releases Quarterly Earnings Results
Thermon Group Holdings (NYSE:THR) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.30, AnalystRatingsNetwork reports. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $82.03 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis.
A number of research firms have recently commented on THR. Analysts at Jefferies Group reiterated a “buy” rating on shares of Thermon Group Holdings in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock. On the ratings front, analysts at BMO Capital Markets raised their price target on shares of Thermon Group Holdings from $24.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Thermon Group Holdings from $26.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Thermon Group Holdings presently has an average rating of “Buy” and an average price target of $27.10.
Shares of Thermon Group Holdings (NYSE:THR) opened at 26.27 on Thursday. Thermon Group Holdings has a 1-year low of $17.99 and a 1-year high of $29.06. The stock’s 50-day moving average is $27.51 and its 200-day moving average is $24.48. The company has a market cap of $829.9 million and a price-to-earnings ratio of 49.57.
Thermon Group Holdings, Inc provides thermal solutions for process industries. The Company provides a range of products, including heating cables, tubing bundles and control systems, and services, including design optimization, engineering, installation and maintenance services.
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