Analysts predict that Thermon Group Holdings Inc (NYSE:THR) will announce earnings per share of $0.16 for the current quarter, Zacks reports. Two analysts have made estimates for Thermon Group’s earnings. Thermon Group also reported earnings per share of $0.16 during the same quarter last year. The business is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Thermon Group will report full-year earnings of $0.49 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.71 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Thermon Group.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $61.63 million during the quarter, compared to the consensus estimate of $61.64 million. Thermon Group had a net margin of 5.65% and a return on equity of 4.39%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share.

Several equities research analysts recently weighed in on THR shares. William Blair raised shares of Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Thermon Group in a report on Friday, October 6th. Zacks Investment Research raised shares of Thermon Group from a “strong sell” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub downgraded shares of Thermon Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets upped their price objective on shares of Thermon Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.50.

Hedge funds and other institutional investors have recently modified their holdings of the business. TD Asset Management Inc. lifted its holdings in Thermon Group by 104.6% in the 2nd quarter. TD Asset Management Inc. now owns 40,300 shares of the technology company’s stock valued at $773,000 after acquiring an additional 20,600 shares during the last quarter. Kempen Capital Management N.V. purchased a new stake in Thermon Group during the second quarter valued at about $2,542,000. American Century Companies Inc. purchased a new stake in Thermon Group during the second quarter valued at about $6,681,000. Citadel Advisors LLC lifted its stake in Thermon Group by 447.2% during the third quarter. Citadel Advisors LLC now owns 132,232 shares of the technology company’s stock valued at $2,378,000 after buying an additional 108,065 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in Thermon Group by 7.9% during the second quarter. Kennedy Capital Management Inc. now owns 282,941 shares of the technology company’s stock valued at $5,424,000 after buying an additional 20,837 shares in the last quarter.

Shares of Thermon Group (NYSE THR) opened at $23.20 on Thursday. The firm has a market cap of $754.23, a PE ratio of 54.38 and a beta of 1.06. Thermon Group has a 1-year low of $15.74 and a 1-year high of $26.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95.

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

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