Thermon Group (NYSE:THR) released its earnings results on Tuesday. The technology company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.15, MarketWatch Earnings reports. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $96.30 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue was up 51.8% compared to the same quarter last year.
Thermon Group traded down $0.68, hitting $23.60, during trading on Thursday, MarketBeat Ratings reports. 116,700 shares of the company traded hands, compared to its average volume of 102,749. The company has a current ratio of 4.27, a quick ratio of 3.04 and a debt-to-equity ratio of 0.71. The stock has a market cap of $793.43 million, a P/E ratio of 55.60 and a beta of 0.92. Thermon Group has a 1 year low of $15.74 and a 1 year high of $26.50.
Several research analysts recently weighed in on THR shares. Zacks Investment Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine cut Thermon Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. TheStreet cut Thermon Group from a “b-” rating to a “c” rating in a research report on Friday, February 9th. BMO Capital Markets lifted their price target on Thermon Group to $31.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Johnson Rice upgraded Thermon Group from a “hold” rating to an “accumulate” rating and set a $29.00 price target for the company in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Thermon Group presently has a consensus rating of “Hold” and a consensus target price of $26.20.
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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