Wall Street analysts expect that Thermon Group Holdings, Inc. (NYSE:THR) will announce $58.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Thermon Group Holdings’ earnings, with the highest sales estimate coming in at $59.00 million and the lowest estimate coming in at $57.90 million. Thermon Group Holdings posted sales of $63.40 million in the same quarter last year, which suggests a negative year over year growth rate of 7.6%. The firm is expected to issue its next earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Thermon Group Holdings will report full-year sales of $58.61 million for the current fiscal year, with estimates ranging from $259.78 million to $263.10 million. For the next fiscal year, analysts expect that the business will post sales of $277.83 million per share, with estimates ranging from $272.70 million to $281.50 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Thermon Group Holdings.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by $0.03. Thermon Group Holdings had a net margin of 5.54% and a return on equity of 4.60%. The business had revenue of $67.60 million for the quarter, compared to analysts’ expectations of $66.24 million. During the same quarter in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was down 6.5% on a year-over-year basis.

Several equities analysts have issued reports on THR shares. BMO Capital Markets upgraded shares of Thermon Group Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Monday, March 27th. ValuEngine downgraded shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Thermon Group Holdings during the fourth quarter valued at about $2,436,000. State Street Corp increased its position in Thermon Group Holdings by 12.3% in the fourth quarter. State Street Corp now owns 572,070 shares of the technology company’s stock valued at $10,923,000 after buying an additional 62,670 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Thermon Group Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,289,019 shares of the technology company’s stock valued at $24,608,000 after buying an additional 91,390 shares in the last quarter. Two Sigma Investments LP bought a new position in Thermon Group Holdings during the fourth quarter valued at about $702,000. Finally, Teachers Advisors LLC increased its position in Thermon Group Holdings by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 60,312 shares of the technology company’s stock valued at $1,151,000 after buying an additional 3,976 shares in the last quarter.

Shares of Thermon Group Holdings (THR) traded up 1.44% during mid-day trading on Thursday, hitting $18.36. The stock had a trading volume of 25,588 shares. Thermon Group Holdings has a 12 month low of $16.50 and a 12 month high of $21.48. The stock’s 50-day moving average is $19.53 and its 200 day moving average is $19.91. The firm has a market cap of $594.31 million, a PE ratio of 40.80 and a beta of 1.00.

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