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

Thermon Group (NYSE:THR) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Thermon Group has set its FY25 guidance at $1.90-2.06 EPS and its FY 2025 guidance at 1.900-2.060 EPS.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business had revenue of $115.10 million during the quarter, compared to analyst estimates of $115.99 million. During the same period last year, the business posted $0.40 earnings per share. Thermon Group’s quarterly revenue was up 7.7% 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 Stock Down 1.5 %

THR stock opened at $26.21 on Friday. The company has a market capitalization of $885.90 million, a price-to-earnings ratio of 18.33 and a beta of 1.05. 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 moving average price is $28.92 and its two-hundred day moving average price is $30.57. Thermon Group has a fifty-two week low of $23.76 and a fifty-two week high of $35.93.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.