Thermon Group (THR) Scheduled to Post Quarterly Earnings on Thursday

Thermon Group (NYSE:THR) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Thermon Group to post 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.Investors that wish to listen to the company’s conference call can do so using this link.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The company had revenue of $115.10 million during the quarter, compared to analyst estimates of $115.99 million. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. 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 1.8 %

THR traded up $0.48 during trading on Tuesday, hitting $26.70. 77,838 shares of the company’s stock traded hands, compared to its average volume of 189,566. The stock has a market capitalization of $902.46 million, a price-to-earnings ratio of 18.34 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.31. Thermon Group has a 12-month low of $23.76 and a 12-month high of $35.93. The company’s 50 day simple moving average is $28.67 and its two-hundred day simple moving average is $30.49.

Wall Street Analysts Forecast Growth

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

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.