Thermon Group Holdings, Inc. (NYSE:THR) – Investment analysts at SunTrust Banks increased their Q2 2018 earnings estimates for shares of Thermon Group Holdings in a note issued to investors on Wednesday. SunTrust Banks analyst C. Brady now expects that the technology company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.08. SunTrust Banks also issued estimates for Thermon Group Holdings’ Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.15 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.20 EPS and Q4 2019 earnings at $0.20 EPS.

Other research analysts have also issued research reports about the stock. Wolfe Research began coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. ValuEngine raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets lowered their target price on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BidaskClub raised shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.50.

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Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was down 18.5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in THR. Legal & General Group Plc raised its position in shares of Thermon Group Holdings by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares during the period. Wells Fargo & Company MN raised its position in shares of Thermon Group Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock valued at $3,822,000 after buying an additional 599 shares during the period. Rhumbline Advisers raised its position in shares of Thermon Group Holdings by 2.1% in the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock valued at $735,000 after buying an additional 784 shares during the period. Granite Investment Partners LLC raised its position in shares of Thermon Group Holdings by 1.6% in the first quarter. Granite Investment Partners LLC now owns 52,136 shares of the technology company’s stock valued at $1,087,000 after buying an additional 812 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Thermon Group Holdings by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock valued at $649,000 after buying an additional 867 shares during the period.

Thermon Group Holdings Company Profile

Earnings History and Estimates for Thermon Group Holdings (NYSE:THR)

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