Thermon Group Holdings, Inc. (NYSE:THR) to Release Quarterly Earnings on Tuesday
Thermon Group Holdings, Inc. (NYSE:THR) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.03. The firm had revenue of $67.60 million during the quarter, compared to analyst estimates of $66.24 million. Thermon Group Holdings had a net margin of 5.54% and a return on equity of 4.60%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts expect Thermon Group Holdings to post $0.45 EPS for the current fiscal year and $0.70 EPS for the next fiscal year.
Thermon Group Holdings, Inc. (THR) opened at 18.34 on Tuesday. The firm has a market capitalization of $593.67 million, a price-to-earnings ratio of 40.76 and a beta of 1.00. The stock has a 50 day moving average price of $18.71 and a 200 day moving average price of $19.71. Thermon Group Holdings, Inc. has a 1-year low of $16.50 and a 1-year high of $21.48.
Several brokerages have weighed in on THR. Wolfe Research began coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. BidaskClub lowered Thermon Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. Finally, BMO Capital Markets raised Thermon Group Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.
Thermon Group Holdings Company Profile
Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.