Thermon Group Holdings, Inc. (NYSE:THR) – Investment analysts at William Blair raised their Q2 2018 earnings per share estimates for shares of Thermon Group Holdings in a research note issued on Monday. William Blair analyst B. Drab now anticipates that the technology company will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.07. William Blair also issued estimates for Thermon Group Holdings’ FY2018 earnings at $0.41 EPS.
Several other equities analysts have also issued reports on the company. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub lowered Thermon Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Wolfe Research initiated coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets decreased their price objective on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.50.
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Thermon Group Holdings (NYSE THR) traded up 0.29% during mid-day trading on Wednesday, hitting $20.82. 46,361 shares of the stock were exchanged. Thermon Group Holdings has a 12-month low of $15.74 and a 12-month high of $21.52. The firm has a 50-day moving average price of $18.10 and a 200-day moving average price of $18.74. The stock has a market capitalization of $674.61 million, a P/E ratio of 54.93 and a beta of 0.97.
Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. Thermon Group Holdings’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Thermon Group Holdings in the 1st quarter valued at approximately $109,000. Victory Capital Management Inc. lifted its stake in Thermon Group Holdings by 32.5% in the 1st quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,647 shares in the last quarter. Legal & General Group Plc lifted its stake in Thermon Group Holdings by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after acquiring an additional 320 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Thermon Group Holdings in the 1st quarter valued at approximately $215,000. Finally, M&T Bank Corp lifted its stake in Thermon Group Holdings by 0.8% in the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after acquiring an additional 99 shares in the last quarter.
About Thermon Group Holdings
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