Brokerages predict that Thermon Group Holdings, Inc. (NYSE:THR) will report $65.47 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Thermon Group Holdings’ earnings, with the highest sales estimate coming in at $66.20 million and the lowest estimate coming in at $64.68 million. Thermon Group Holdings posted sales of $68.81 million during the same quarter last year, which suggests a negative year over year growth rate of 4.9%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Thermon Group Holdings will report full year sales of $65.47 million for the current fiscal year. For the next year, analysts anticipate that the company will report sales of $277.83 million per share, with estimates ranging from $272.70 million to $281.50 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Thermon Group Holdings.

Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) 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 business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $58.35 million. During the same period in the previous year, the business posted $0.08 earnings per share. Thermon Group Holdings’s revenue was down 18.5% compared to the same quarter last year.

THR has been the subject of several recent research reports. ValuEngine cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. BidaskClub upgraded shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Wolfe Research initiated coverage on shares of Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Several large investors have recently bought and sold shares of the stock. WCM Investment Management CA raised its stake in Thermon Group Holdings by 1.2% in the second quarter. WCM Investment Management CA now owns 240,479 shares of the technology company’s stock worth $4,610,000 after buying an additional 2,945 shares in the last quarter. Legal & General Group Plc raised its stake in 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 worth $155,000 after buying an additional 320 shares in the last quarter. Wrapmanager Inc. raised its stake in Thermon Group Holdings by 57.6% in the second quarter. Wrapmanager Inc. now owns 16,866 shares of the technology company’s stock worth $323,000 after buying an additional 6,165 shares in the last quarter. Rhumbline Advisers raised its stake in Thermon Group Holdings by 2.1% in the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock worth $735,000 after buying an additional 784 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in Thermon Group Holdings by 50.5% in the second quarter. Granite Investment Partners LLC now owns 78,467 shares of the technology company’s stock worth $1,504,000 after buying an additional 26,331 shares in the last quarter.

Thermon Group Holdings (THR) opened at 17.57 on Monday. Thermon Group Holdings has a 52 week low of $16.50 and a 52 week high of $21.48. The firm has a 50-day moving average of $18.57 and a 200-day moving average of $19.68. The company has a market capitalization of $568.74 million, a PE ratio of 46.36 and a beta of 0.98.

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

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