Q3 EPS Estimates for Thermon Group Reduced by Roth Capital

Thermon Group Holdings, Inc. (NYSE:THR - Free Report) - Investment analysts at Roth Capital cut their Q3 2026 EPS estimates for Thermon Group in a report issued on Thursday, May 22nd. Roth Capital analyst C. Moore now forecasts that the technology company will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.65. The consensus estimate for Thermon Group's current full-year earnings is $1.88 per share. Roth Capital also issued estimates for Thermon Group's Q4 2026 earnings at $0.52 EPS and FY2026 earnings at $1.81 EPS.

Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS.

Separately, Wall Street Zen upgraded shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

Thermon Group Stock Up 0.0%

THR stock traded up $0.00 during trading on Monday, hitting $26.50. 6,087 shares of the company's stock traded hands, compared to its average volume of 183,573. The firm has a market capitalization of $892.85 million, a P/E ratio of 19.47 and a beta of 1.07. Thermon Group has a 1 year low of $23.05 and a 1 year high of $35.42. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $28.70.

Institutional Trading of Thermon Group

A number of hedge funds and other institutional investors have recently made changes to their positions in THR. Swedbank AB lifted its holdings in Thermon Group by 1.0% in the fourth quarter. Swedbank AB now owns 621,000 shares of the technology company's stock valued at $17,866,000 after acquiring an additional 6,000 shares during the period. Lightrock Netherlands B.V. purchased a new position in shares of Thermon Group during the 4th quarter valued at approximately $4,995,000. Congress Asset Management Co. purchased a new position in shares of Thermon Group during the 4th quarter valued at approximately $227,000. Principal Financial Group Inc. lifted its stake in shares of Thermon Group by 7.6% in the 4th quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company's stock valued at $499,000 after purchasing an additional 1,226 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Thermon Group by 2.1% during the fourth quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock worth $860,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

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.