Thermon Group (NYSE:THR) Issues FY25 Earnings Guidance

Thermon Group (NYSE:THR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.90-2.06 for the period, compared to the consensus EPS estimate of $1.98. The company issued revenue guidance of $527-553 million, compared to the consensus revenue estimate of $540.81 million.

Thermon Group Trading Up 7.1 %

NYSE THR traded up $2.08 on Wednesday, hitting $31.26. 30,064 shares of the stock were exchanged, compared to its average volume of 220,151. The firm has a market capitalization of $1.06 billion, a P/E ratio of 21.16 and a beta of 1.08. Thermon Group has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.51. The stock has a fifty day moving average price of $30.96 and a two-hundred day moving average price of $30.82.

Thermon Group (NYSE:THR) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $127.65 million during the quarter, compared to analyst estimates of $127.19 million. Thermon Group had a net margin of 10.43% and a return on equity of 13.64%. Research analysts forecast that Thermon Group will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on THR. Roth Mkm lifted their price objective on Thermon Group from $36.00 to $38.00 and gave the company a buy rating in a report on Thursday, May 30th. CJS Securities began coverage on Thermon Group in a report on Monday, April 29th. They issued an outperform rating and a $42.00 price objective for the company. Finally, StockNews.com upgraded Thermon Group from a hold rating to a buy rating in a report on Saturday, May 4th.

Insiders Place Their Bets

In other news, Director Kevin J. Mcginty sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.84, for a total transaction of $164,200.00. Following the transaction, the director now owns 38,109 shares in the company, valued at $1,251,499.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Kevin J. Mcginty sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.84, for a total transaction of $164,200.00. Following the transaction, the director now owns 38,109 shares in the company, valued at $1,251,499.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Nesser III sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $33.60, for a total value of $201,600.00. Following the completion of the sale, the director now owns 57,315 shares in the company, valued at approximately $1,925,784. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,910 shares of company stock worth $462,849. 2.40% of the stock is owned by corporate insiders.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.