Analysts expect Thermon Group Holdings (NYSE:THR) to announce $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Thermon Group’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Thermon Group posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year over year growth rate of 90%. The company is scheduled to report its next earnings report on Wednesday, May 23rd.

According to Zacks, analysts expect that Thermon Group will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.62. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.91 per share, with EPS estimates ranging from $0.89 to $0.92. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Thermon Group.

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Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Thermon Group had a net margin of 3.33% and a return on equity of 5.16%. The company had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $80.42 million. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 44.2% on a year-over-year basis.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. TheStreet cut shares of Thermon Group from a “b-” rating to a “c” rating in a report on Friday, February 9th. Finally, BMO Capital Markets raised their target price on shares of Thermon Group to $31.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Shares of THR traded up $0.25 during mid-day trading on Wednesday, hitting $24.47. 4,292 shares of the company’s stock were exchanged, compared to its average volume of 114,016. Thermon Group has a 52 week low of $15.74 and a 52 week high of $26.50. The stock has a market capitalization of $786.29, a PE ratio of 48.44 and a beta of 0.90. The company has a current ratio of 4.27, a quick ratio of 3.04 and a debt-to-equity ratio of 0.71.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of Thermon Group by 5.4% during the third quarter. Janus Henderson Group PLC now owns 2,702,843 shares of the technology company’s stock worth $48,624,000 after purchasing an additional 139,243 shares during the period. BlackRock Inc. increased its stake in Thermon Group by 2.1% in the fourth quarter. BlackRock Inc. now owns 1,954,964 shares of the technology company’s stock valued at $46,273,000 after acquiring an additional 40,154 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Thermon Group by 8.0% in the fourth quarter. Eagle Asset Management Inc. now owns 1,769,055 shares of the technology company’s stock valued at $41,684,000 after acquiring an additional 130,383 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Thermon Group by 9.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,665,337 shares of the technology company’s stock valued at $29,960,000 after acquiring an additional 148,173 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new position in Thermon Group in the fourth quarter valued at approximately $36,096,000.

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About Thermon Group

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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