Thermon Group (THR) Earning Somewhat Positive News Coverage, Analysis Shows

Headlines about Thermon Group (NYSE:THR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Thermon Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.1371422127056 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

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THR opened at $24.24 on Tuesday. Thermon Group has a 52-week low of $15.74 and a 52-week high of $26.50. The stock has a market cap of $786.29, a P/E ratio of 56.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.04 and a current ratio of 4.27.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $92.70 million for the quarter, compared to the consensus estimate of $80.42 million. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. The business’s revenue was up 44.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. equities research analysts predict that Thermon Group will post 0.61 EPS for the current year.

Several research firms recently issued reports on THR. ValuEngine upgraded Thermon Group from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. BMO Capital Markets upped their target price on Thermon Group to $31.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. TheStreet lowered Thermon Group from a “b-” rating to a “c” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, March 13th. Two investment 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’s stock. Thermon Group has a consensus rating of “Hold” and an average target price of $25.50.

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Thermon Group Company Profile

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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