Thermon Group (THR) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thermon Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" THR shares.
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1 Wall Street analysts have issued 1 year target prices for Thermon Group's shares. Their THR share price targets range from $36.00 to $36.00. On average, they predict the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
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Thermon Group's stock was trading at $32.57 at the beginning of 2024. Since then, THR stock has decreased by 8.6% and is now trading at $29.7750.
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Thermon Group saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 552,000 shares, a drop of 23.3% from the February 29th total of 719,700 shares. Based on an average daily volume of 273,200 shares, the short-interest ratio is currently 2.0 days. Currently, 1.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
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Thermon Group Holdings, Inc. (NYSE:THR) released its quarterly earnings results on Thursday, February, 1st. The technology company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. The technology company had revenue of $136.43 million for the quarter, compared to analysts' expectations of $128.22 million. Thermon Group had a net margin of 10.05% and a trailing twelve-month return on equity of 14.60%.

ETFs with the largest weight of Thermon Group (NYSE:THR) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and iShares Micro-Cap ETF (IWC).Barrons 400 ETF (BFOR).

Thermon Group updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of 1.760-1.840 for the period, compared to the consensus EPS estimate of 1.890. The company issued revenue guidance of $490.0 million-$500.0 million, compared to the consensus revenue estimate of $489.0 million.

20 employees have rated Thermon Group Chief Executive Officer Rodney Bingham on Glassdoor.com. Rodney Bingham has an approval rating of 49% among the company's employees. This puts Rodney Bingham in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Thermon Group investors own include General Mills (GIS), Seabridge Gold (SA), Teekay LNG Partners (TGP), Trevena (TRVN), Ball (BLL), Chimerix (CMRX), Cinemark (CNK), Canadian Natural Resources (CNQ) and

Thermon Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Hennion & Walsh Asset Management Inc. (0.08%) and Los Angeles Capital Management LLC (0.04%). Insiders that own company stock include Alastair Clayton, Bruce Thames, Candace Harris-Peterson, John T Nesser III, Kevin Fox, Mark McGeough, Michael (Mick) Billing, Nicole Galloway Warland and Roger L Fix.
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Shares of THR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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