Thermon Group (THR) Receiving Somewhat Positive Press Coverage, Analysis Shows

Headlines about Thermon Group (NYSE:THR) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Thermon Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.2451971577408 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Thermon Group (NYSE:THR) opened at $22.84 on Tuesday. The company has a market capitalization of $743.20, a PE ratio of 54.55 and a beta of 1.06. Thermon Group has a 12-month low of $15.74 and a 12-month high of $26.50. 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 (NYSE:THR) last released its quarterly earnings results on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $61.63 million during the quarter, compared to analyst estimates of $61.64 million. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. analysts expect that Thermon Group will post 0.49 EPS for the current year.

Several analysts have commented on the company. Jefferies Group reiterated a “buy” rating and set a $25.00 target price (up from $21.00) on shares of Thermon Group in a research note on Friday, October 6th. Wolfe Research cut Thermon Group from a “market perform” rating to an “underperform” rating in a report on Friday, August 18th. Zacks Investment Research raised Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, October 25th. TheStreet raised Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. Finally, BMO Capital Markets raised their price target on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.50.

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