Thermon Group (THR) to Release Quarterly Earnings on Tuesday
Thermon Group (NYSE:THR) will be issuing its Q3 2018 quarterly earnings data before the market opens on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Shares of Thermon Group (NYSE:THR) opened at $22.80 on Monday. The stock has a market capitalization of $739.63, a price-to-earnings ratio of 54.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95. Thermon Group has a one year low of $15.74 and a one year high of $26.50.
THR has been the topic of several research reports. William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered Thermon Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BMO Capital Markets boosted their price objective on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and set a $20.00 price objective on shares of Thermon Group in a research note on Tuesday, October 24th. Finally, TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Thermon Group has an average rating of “Hold” and a consensus target price of $24.25.
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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