Thermon Group Holdings Inc (NYSE:THR) – Analysts at William Blair raised their FY2018 EPS estimates for Thermon Group in a research note issued on Thursday. William Blair analyst B. Drab now expects that the technology company will post earnings per share of $0.62 for the year, up from their prior estimate of $0.55. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Thermon Group’s Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $0.92 EPS.
Other research analysts also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Thermon Group to $31.00 and gave the company an “outperform” rating in a research report on Friday. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 target price on shares of Thermon Group in a research report on Tuesday, October 24th. TheStreet raised shares of Thermon Group from a “c” rating to a “b-” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.75.
Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $92.70 million for the quarter, compared to the consensus estimate of $80.42 million. Thermon Group had a net margin of 3.33% and a return on equity of 5.22%. The company’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS.
Large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Thermon Group by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,702,843 shares of the technology company’s stock worth $48,624,000 after buying an additional 139,243 shares during the period. Sei Investments Co. grew its position in shares of Thermon Group by 85.2% in the 3rd quarter. Sei Investments Co. now owns 33,056 shares of the technology company’s stock worth $595,000 after buying an additional 15,206 shares during the period. Citadel Advisors LLC grew its position in shares of Thermon Group by 447.2% in the 3rd quarter. Citadel Advisors LLC now owns 132,232 shares of the technology company’s stock worth $2,378,000 after buying an additional 108,065 shares during the period. Susquehanna International Group LLP grew its position in shares of Thermon Group by 339.0% in the 3rd quarter. Susquehanna International Group LLP now owns 57,339 shares of the technology company’s stock worth $1,032,000 after buying an additional 44,277 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Thermon Group by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock worth $29,083,000 after buying an additional 142,933 shares during the period.
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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