Roth Capital Decreases Earnings Estimates for Thermon Group

Key Points

• Roth Capital has revised its earnings estimates for Thermon Group, lowering the Q2 2026 forecast from $0.36 to $0.30 per share, while the consensus estimate for the full year is $1.88.
• Thermon Group reported quarterly earnings of $0.36 per share, missing analyst expectations of $0.37, and experienced a 5.4% decline in revenue year-over-year.
• Wall Street Zen downgraded Thermon Group's stock rating from strong-buy to hold, indicating a potential shift in investor sentiment.

Thermon Group Holdings, Inc. (NYSE:THR - Free Report) - Stock analysts at Roth Capital lowered their Q2 2026 earnings per share (EPS) estimates for Thermon Group in a report issued on Friday, August 8th. Roth Capital analyst C. Moore now forecasts that the technology company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.36. The consensus estimate for Thermon Group's current full-year earnings is $1.88 per share.

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

Thermon Group Stock Performance

Shares of THR traded up $0.17 during mid-day trading on Monday, reaching $25.47. 49,225 shares of the company's stock traded hands, compared to its average volume of 186,663. The business's 50-day moving average price is $27.60 and its 200-day moving average price is $27.72. The stock has a market capitalization of $842.07 million, a P/E ratio of 16.16 and a beta of 1.09. 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 12 month low of $23.05 and a 12 month high of $33.25.

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

Institutional Investors Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THR. Quarry LP raised its holdings in Thermon Group by 314.1% during 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 raised its holdings in Thermon Group by 68.9% during 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 raised its holdings in Thermon Group by 3,912.0% during 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 bought a new stake in Thermon Group during the second quarter worth approximately $31,000. Finally, State of Wyoming bought a new stake in Thermon Group during the first quarter worth approximately $59,000. Institutional investors 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.