Thermon Group (THR) Set to Announce Quarterly Earnings on Thursday

Thermon Group (NYSE:THR) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $115.10 million for the quarter, compared to analyst estimates of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts expect Thermon Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Thermon Group Stock Performance

Shares of NYSE THR opened at $26.95 on Wednesday. The firm has a market cap of $910.91 million, a price-to-earnings ratio of 18.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. The business’s 50-day simple moving average is $28.60 and its 200-day simple moving average is $30.47. Thermon Group has a 52 week low of $23.76 and a 52 week high of $35.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.