$0.16 Earnings Per Share Expected for Thermon Group Holdings Inc (THR) This Quarter
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.
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.
TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/14/0-16-earnings-per-share-expected-for-thermon-group-holdings-inc-thr-this-quarter.html.
About Thermon Group
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.