Thermon Group (NYSE:THR) Issues Quarterly Earnings Results

Key Points

• Thermon Group reported quarterly earnings of $0.36 per share, falling short of the consensus estimate of $0.37, with revenues of $108.90 million, significantly below the expected $122.53 million.
• The company's revenue declined by 5.4% year-over-year, and they updated their FY 2026 earnings guidance to a range of $1.770-$1.990 EPS.
• Shares of Thermon Group saw a dip, trading down to $24.07, and the company's stock rating was downgraded from "strong-buy" to "hold" by Wall Street Zen.

Thermon Group (NYSE:THR - Get Free Report) announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01), Zacks reports. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%. The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $122.53 million. During the same quarter in the prior year, the business posted $0.38 EPS. Thermon Group's revenue was down 5.4% compared to the same quarter last year. Thermon Group updated its FY 2026 guidance to 1.770-1.990 EPS.

Thermon Group Trading Down 2.6%

Shares of NYSE THR traded down $0.68 during midday trading on Thursday, hitting $25.30. The stock had a trading volume of 213,305 shares, compared to its average volume of 185,234. The company's 50-day simple moving average is $27.60 and its 200 day simple moving average is $27.72. The firm has a market cap of $836.32 million, a P/E ratio of 16.01 and a beta of 1.09. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.64.

Institutional Investors Weigh In On Thermon Group

A number of institutional investors have recently made changes to their positions in THR. Canada Pension Plan Investment Board bought a new position in Thermon Group during the second quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company's stock worth $552,000 after acquiring an additional 845 shares in the last quarter. Cerity Partners LLC lifted its holdings in Thermon Group by 47.5% during the second quarter. Cerity Partners LLC now owns 23,604 shares of the technology company's stock worth $663,000 after acquiring an additional 7,596 shares in the last quarter. Jane Street Group LLC lifted its holdings in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company's stock worth $1,090,000 after acquiring an additional 7,798 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company's stock worth $1,124,000 after acquiring an additional 16,177 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Thermon Group Company Profile

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.