Thermon Group (NYSE:THR) Releases Earnings Results, Beats Expectations By $0.03 EPS

Posted by Dante Gardener on Nov 8th, 2024

Thermon Group (NYSE:THR – Get Free Report) posted its quarterly earnings results on Thursday. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03, Briefing.com reports. The business had revenue of $114.60 million during the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. Thermon Group’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS and its FY25 guidance to $1.77-1.89 EPS.

Thermon Group Trading Down 2.9 %

NYSE:THR traded down $0.83 during trading hours on Friday, hitting $28.20. The stock had a trading volume of 228,330 shares, compared to its average volume of 191,543. Thermon Group has a one year low of $23.76 and a one year high of $35.93. 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 company has a market cap of $953.22 million, a price-to-earnings ratio of 21.85 and a beta of 1.07. The business’s 50 day moving average is $28.55 and its 200-day moving average is $30.45.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Thermon Group

About Thermon Group

(Get Free Report)

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.