Wall Street brokerages expect that Thermon Group Holdings, Inc. (NYSE:THR) will post earnings per share of $0.10 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Thermon Group Holdings’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.07. Thermon Group Holdings also reported earnings per share of $0.10 in the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that Thermon Group Holdings will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.34 to $0.44. For the next year, analysts forecast that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.60 to $0.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Thermon Group Holdings.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $58.35 million. During the same quarter last year, the business posted $0.08 EPS. The company’s quarterly revenue was down 18.5% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Thermon Group Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Wolfe Research cut shares of Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets lowered their target price on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Thermon Group Holdings during the 1st quarter valued at $109,000. Victory Capital Management Inc. lifted its stake in shares of Thermon Group Holdings by 32.5% during the 1st quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Thermon Group Holdings by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Thermon Group Holdings during the 1st quarter valued at $215,000. Finally, M&T Bank Corp lifted its stake in shares of Thermon Group Holdings by 0.8% during the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after buying an additional 99 shares in the last quarter.

Shares of Thermon Group Holdings (NYSE:THR) traded down 0.33% during midday trading on Friday, hitting $17.99. The company had a trading volume of 575,260 shares. The firm has a market capitalization of $582.91 million, a P/E ratio of 47.47 and a beta of 0.98. The stock has a 50 day moving average price of $16.92 and a 200 day moving average price of $18.86. Thermon Group Holdings has a 1-year low of $15.74 and a 1-year high of $21.48.

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