Thermon Group (THR) Getting Somewhat Favorable Press Coverage, Report Finds
News coverage about Thermon Group (NYSE:THR) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Thermon Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2451971577408 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Thermon Group (NYSE:THR) opened at $23.46 on Friday. Thermon Group has a 1 year low of $15.74 and a 1 year high of $26.50. The company has a market cap of $761.04, a P/E ratio of 55.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.95 and a current ratio of 3.73.
Thermon Group (NYSE:THR) last announced its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Thermon Group had a net margin of 5.65% and a return on equity of 4.39%. The business had revenue of $61.63 million during the quarter, compared to the consensus estimate of $61.64 million. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. equities research analysts anticipate that Thermon Group will post 0.49 EPS for the current year.
A number of equities research analysts have recently weighed in on THR shares. Zacks Investment Research downgraded shares of Thermon Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Wolfe Research downgraded shares of Thermon Group from a “market perform” rating to an “underperform” rating in a research report on Friday, August 18th. BidaskClub downgraded shares of Thermon Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. BMO Capital Markets boosted their price objective on shares of Thermon Group from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th. Finally, Jefferies Group restated a “buy” rating and set a $25.00 price objective (up from $21.00) on shares of Thermon Group in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.50.
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Thermon Group Company Profile
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