Thermon Group Holdings, Inc. (NYSE:THR) – Stock analysts at SunTrust Banks lifted their FY2018 EPS estimates for Thermon Group Holdings in a research note issued to investors on Monday. SunTrust Banks analyst C. Brady now forecasts that the technology company will earn $0.49 per share for the year, up from their previous forecast of $0.44. SunTrust Banks has a “Hold” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Thermon Group Holdings’ Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.71 EPS.

A number of other equities research analysts have also recently commented on the company. TheStreet raised Thermon Group Holdings from a “c” rating to a “b-” rating in a research note on Monday. Zacks Investment Research raised Thermon Group Holdings from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday. BMO Capital Markets raised their price objective on Thermon Group Holdings from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. Finally, BidaskClub cut Thermon Group Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.50.

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Shares of Thermon Group Holdings (NYSE THR) traded down 3.01% on Wednesday, hitting $21.27. The stock had a trading volume of 335,961 shares. The company has a market cap of $689.19 million, a P/E ratio of 56.12 and a beta of 0.97. The company has a 50-day moving average of $18.92 and a 200-day moving average of $18.77. Thermon Group Holdings has a 52-week low of $15.74 and a 52-week high of $22.36.

Thermon Group Holdings (NYSE:THR) last announced its earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Thermon Group Holdings had a return on equity of 4.47% and a net margin of 5.65%. The firm had revenue of $61.63 million during the quarter, compared to analyst estimates of $61.64 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business’s revenue was down 10.4% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Thermon Group Holdings by 4.4% during the second quarter. Vanguard Group Inc. now owns 2,615,497 shares of the technology company’s stock valued at $50,138,000 after buying an additional 110,975 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Thermon Group Holdings during the second quarter valued at approximately $49,144,000. Van Berkom & Associates Inc. boosted its position in shares of Thermon Group Holdings by 0.4% during the second quarter. Van Berkom & Associates Inc. now owns 2,332,101 shares of the technology company’s stock valued at $44,706,000 after buying an additional 8,860 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Thermon Group Holdings by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock valued at $29,083,000 after buying an additional 142,933 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Thermon Group Holdings by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,391,696 shares of the technology company’s stock valued at $29,003,000 after buying an additional 98,201 shares during the last quarter.

Thermon Group Holdings Company Profile

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

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