William Blair Forecasts Stronger Earnings for Thermon Group

Key Points

• William Blair has raised its Q2 2026 EPS estimate for Thermon Group to $0.41 from $0.40, aligning with a consensus full-year estimate of $1.88 per share.
• Shares of Thermon Group have declined by 3.5%, opening at $24.07, amidst a challenging quarter where the company missed earnings expectations.
• Wall Street Zen downgraded Thermon Group's stock from a "strong-buy" to a "hold" rating, reflecting a shift in market sentiment.

Thermon Group Holdings, Inc. (NYSE:THR - Free Report) - Analysts at William Blair raised their Q2 2026 earnings per share (EPS) estimates for Thermon Group in a research report issued to clients and investors on Thursday, August 7th. William Blair analyst B. Drab now forecasts that the technology company will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.40. The consensus estimate for Thermon Group's current full-year earnings is $1.88 per share. William Blair also issued estimates for Thermon Group's Q3 2026 earnings at $0.56 EPS and FY2026 earnings at $1.88 EPS.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Thermon Group had a return on equity of 12.65% and a net margin of 10.89%. The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. During the same quarter last year, the firm posted $0.38 EPS. The company's revenue was down 5.4% compared to the same quarter last year.

Separately, Wall Street Zen cut Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Thermon Group Stock Up 0.7%

Shares of NYSE:THR traded up $0.17 during trading on Monday, hitting $25.47. The company's stock had a trading volume of 49,225 shares, compared to its average volume of 186,663. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.64 and a current ratio of 2.43. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The stock's 50-day moving average price is $27.60 and its two-hundred day moving average price is $27.72. The company has a market capitalization of $842.07 million, a PE ratio of 16.16 and a beta of 1.09.

Hedge Funds Weigh In On Thermon Group

A number of hedge funds have recently bought and sold shares of THR. Quarry LP grew its stake in Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after purchasing an additional 647 shares in the last quarter. CWM LLC grew its stake in Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after purchasing an additional 376 shares in the last quarter. GAMMA Investing LLC grew its stake in Thermon Group by 3,912.0% in the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after purchasing an additional 978 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Thermon Group in the second quarter worth about $31,000. Finally, State of Wyoming acquired a new position in Thermon Group in the first quarter worth about $59,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.