Wall Street analysts expect Thermon Group Holdings Inc (NYSE:THR) to report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Thermon Group’s earnings. Thermon Group also posted earnings per share of $0.16 in the same quarter last year. The company is expected to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Thermon Group will report full year earnings of $0.49 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.71 per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow Thermon Group.

Thermon Group (NYSE:THR) last posted its quarterly 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 had a return on equity of 4.39% and a net margin of 5.65%. The business had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. During the same period last year, the company earned $0.10 EPS. Thermon Group’s revenue for the quarter was down 10.4% compared to the same quarter last year.

Several equities analysts recently issued reports on THR shares. Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating and set a $20.00 price target on shares of Thermon Group in a research report on Tuesday, October 24th. William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 29th. BMO Capital Markets raised their price target on Thermon Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 24th. Finally, TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THR. SG Americas Securities LLC purchased a new stake in Thermon Group in the 3rd quarter worth approximately $144,000. Victory Capital Management Inc. lifted its holdings in Thermon Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock worth $152,000 after buying an additional 1,185 shares during the period. Legal & General Group Plc lifted its holdings in Thermon Group by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after buying an additional 320 shares during the period. M&T Bank Corp lifted its holdings in Thermon Group by 0.8% in the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after buying an additional 99 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Thermon Group by 87.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock worth $248,000 after buying an additional 4,900 shares during the period.

Thermon Group (NYSE THR) traded down $0.33 on Tuesday, reaching $24.17. The company had a trading volume of 118,207 shares, compared to its average volume of 96,830. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15. Thermon Group has a fifty-two week low of $15.74 and a fifty-two week high of $26.50. The company has a market cap of $783.10, a price-to-earnings ratio of 57.55 and a beta of 1.05.

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