Thermon Group Holdings, Inc. (THR) Releases Earnings Results, Beats Expectations By $0.04 EPS
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.
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
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