Thermon Group (THR) to Release Earnings on Thursday

Thermon Group (NYSE:THR) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Thermon Group to post earnings of $0.57 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.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 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 Up 1.4 %

Thermon Group stock opened at $28.44 on Thursday. The stock has a market cap of $958.21 million, a PE ratio of 22.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. Thermon Group has a one year low of $23.76 and a one year high of $35.93. The stock has a fifty day moving average of $30.01 and a 200 day moving average of $29.70.

Insider Activity at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares in the company, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

About Thermon Group

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.