Thermon Group (THR) Projected to Post Earnings on Thursday

Thermon Group (NYSE:THR) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $138.91 million for the quarter. Thermon Group has set its FY 2025 guidance at 1.770-1.890 EPS and its FY25 guidance at $1.77-1.89 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The business had revenue of $114.60 million for the quarter, compared to analyst estimates of $116.19 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Thermon Group’s revenue was down 7.4% compared to the same quarter last year. 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 Price Performance

Shares of Thermon Group stock opened at $27.31 on Tuesday. The firm has a fifty day moving average price of $29.77 and a two-hundred day moving average price of $29.57. Thermon Group has a fifty-two week low of $24.11 and a fifty-two week high of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85. The company has a market cap of $919.94 million, a PE ratio of 21.33 and a beta of 1.10.

Insider Activity at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the transaction, the senior vice president now owns 57,773 shares of the company’s stock, valued at $1,857,401.95. This represents a 32.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate insiders.

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.