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

Thermon Group (NYSE:THR) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

NYSE THR opened at $26.95 on Wednesday. The stock has a market capitalization of $910.91 million, a price-to-earnings ratio of 18.85 and a beta of 1.07. Thermon Group has a 1-year low of $23.76 and a 1-year high of $35.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.61 and a quick ratio of 1.73. The business’s fifty day moving average price is $28.60 and its 200-day moving average price is $30.47.

Analysts Set New Price Targets

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a report 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.