Wall Street brokerages forecast that Thermon Group Holdings Inc (NYSE:THR) will post $73.11 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Thermon Group’s earnings. The lowest sales estimate is $65.80 million and the highest is $80.43 million. Thermon Group posted sales of $64.34 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Thermon Group will report full-year sales of $73.11 million for the current year, with estimates ranging from $250.10 million to $293.14 million. For the next financial year, analysts forecast that the firm will post sales of $314.63 million per share, with estimates ranging from $268.70 million to $360.56 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Thermon Group.

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

THR has been the subject of a number of research reports. 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 reissued a “buy” rating and issued a $25.00 price target (up from $21.00) on shares of Thermon Group in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Thermon Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BMO Capital Markets raised 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. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price objective on shares of Thermon Group in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.25.

Shares of Thermon Group (THR) opened at $24.19 on Thursday. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15. Thermon Group has a 1-year low of $15.74 and a 1-year high of $26.50. The firm has a market cap of $794.78, a price-to-earnings ratio of 57.60 and a beta of 1.05.

Several large investors have recently added to or reduced their stakes in THR. Janus Henderson Group PLC increased its position in shares of Thermon Group by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,702,843 shares of the technology company’s stock worth $48,624,000 after purchasing an additional 139,243 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Thermon Group by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,615,497 shares of the technology company’s stock worth $50,138,000 after purchasing an additional 110,975 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Thermon Group by 9.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,665,337 shares of the technology company’s stock worth $29,960,000 after purchasing an additional 148,173 shares in the last quarter. American Century Companies Inc. increased its position in shares of Thermon Group by 93.3% during the 3rd quarter. American Century Companies Inc. now owns 673,701 shares of the technology company’s stock worth $12,120,000 after purchasing an additional 325,206 shares in the last quarter. Finally, State Street Corp increased its position in shares of Thermon Group by 6.6% during the 2nd quarter. State Street Corp now owns 630,757 shares of the technology company’s stock worth $12,092,000 after purchasing an additional 39,271 shares in the last quarter.

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Thermon Group Company Profile

Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.

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

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