Thermon Group (NYSE:THR) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Thermon Group (NYSE:THR) issued its earnings results on Thursday. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02, Zacks reports. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Price Performance

Shares of THR traded down $0.41 during midday trading on Thursday, hitting $26.54. 312,035 shares of the company traded hands, compared to its average volume of 139,385. The firm has a 50 day moving average of $29.58 and a 200-day moving average of $29.51. Thermon Group has a 52 week low of $25.50 and a 52 week high of $35.93. The stock has a market cap of $894.27 million, a price-to-earnings ratio of 20.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80.

Insider Buying and Selling at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the stock in a transaction dated Thursday, December 12th. The shares were 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 approximately $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

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.