Brokerages expect that Thermon Group Holdings, Inc. (NYSE:THR) will announce $63.30 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Thermon Group Holdings’ earnings, with the highest sales estimate coming in at $66.20 million and the lowest estimate coming in at $57.80 million. Thermon Group Holdings reported sales of $68.81 million during the same quarter last year, which indicates a negative year over year growth rate of 8%. The firm is scheduled to issue its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Thermon Group Holdings will report full year sales of $63.30 million for the current financial year, with estimates ranging from $238.79 million to $254.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $270.73 million per share, with estimates ranging from $269.50 million to $272.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Thermon Group Holdings.

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

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

Thermon Group Holdings (THR) traded down 1.77% during mid-day trading on Friday, reaching $16.14. The company had a trading volume of 56,925 shares. The stock has a 50 day moving average of $17.63 and a 200 day moving average of $19.28. The stock has a market capitalization of $522.97 million, a price-to-earnings ratio of 42.59 and a beta of 0.98. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.48.

Several large investors have recently bought and sold shares of THR. SG Americas Securities LLC acquired a new stake in Thermon Group Holdings during the first quarter valued at about $109,000. Victory Capital Management Inc. boosted its stake in Thermon Group Holdings by 32.5% in the first 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 during the period. Legal & General Group Plc boosted its stake in Thermon Group Holdings by 4.1% in the second 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 during the period. UBS Asset Management Americas Inc. acquired a new stake in Thermon Group Holdings during the first quarter valued at about $215,000. Finally, Wrapmanager Inc. acquired a new stake in Thermon Group Holdings during the first quarter valued at about $223,000.

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

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