Jefferies Group Weighs in on Thermon Group Holdings Inc.’s Q3 2017 Earnings (THR)
Thermon Group Holdings Inc. (NYSE:THR) – Analysts at Jefferies Group decreased their Q3 2017 EPS estimates for shares of Thermon Group Holdings in a report issued on Wednesday. Jefferies Group analyst B. Bohra now anticipates that the brokerage will post earnings of $0.27 per share for the quarter, down from their previous forecast of $0.28. Jefferies Group also issued estimates for Thermon Group Holdings’ Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.70 EPS and Q1 2018 earnings at $0.13 EPS.
Several other equities research analysts have also recently commented on THR. Zacks Investment Research cut Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. SunTrust Banks Inc. lowered their target price on Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. Finally, BMO Capital Markets set a $19.00 target price on Thermon Group Holdings and gave the company a “hold” rating in a research note on Wednesday, September 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Thermon Group Holdings currently has an average rating of “Hold” and a consensus price target of $19.75.
Shares of Thermon Group Holdings (NYSE:THR) traded down 1.58% during midday trading on Friday, reaching $19.36. The company had a trading volume of 34,380 shares. Thermon Group Holdings has a 52-week low of $13.97 and a 52-week high of $22.59. The company’s 50-day moving average is $18.97 and its 200-day moving average is $19.24. The firm has a market cap of $624.50 million, a P/E ratio of 29.78 and a beta of 1.09.
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Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.07. The business earned $63.40 million during the quarter, compared to analysts’ expectations of $64.09 million. Thermon Group Holdings had a return on equity of 8.78% and a net margin of 7.54%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share.
A number of large investors have recently added to or reduced their stakes in THR. Nisa Investment Advisors LLC boosted its stake in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. boosted its stake in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock valued at $164,000 after buying an additional 5,889 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Thermon Group Holdings during the second quarter valued at $165,000. Menta Capital LLC boosted its stake in Thermon Group Holdings by 7.7% in the first quarter. Menta Capital LLC now owns 16,850 shares of the company’s stock valued at $296,000 after buying an additional 1,200 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in Thermon Group Holdings during the second quarter valued at $296,000.
About Thermon Group Holdings
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