Thermon Group Holdings, Inc. (NYSE:THR) issued its earnings results on Monday. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04, Bloomberg Earnings reports. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The business had revenue of $61.63 million during the quarter, compared to analysts’ expectations of $61.64 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis.

Shares of Thermon Group Holdings (THR) traded up 2.48% during midday trading on Tuesday, reaching $21.93. The company had a trading volume of 257,557 shares. The firm has a market cap of $710.58 million, a P/E ratio of 57.86 and a beta of 0.97. The company’s 50-day moving average is $18.92 and its 200-day moving average is $18.77. Thermon Group Holdings has a 52-week low of $15.74 and a 52-week high of $22.36.

TRADEMARK VIOLATION WARNING: “Thermon Group Holdings, Inc. (THR) Releases Earnings Results, Beats Expectations By $0.04 EPS” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/24/thermon-group-holdings-inc-thr-issues-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.

THR has been the topic of a number of recent analyst reports. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub lowered Thermon Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Wolfe Research began coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target (up from $21.00) on shares of Thermon Group Holdings in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Thermon Group Holdings currently has an average rating of “Hold” and a consensus price target of $23.33.

About Thermon Group Holdings

Earnings History for Thermon Group Holdings (NYSE:THR)

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.