Thermon Group (NYSE:THR) Announces 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. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01), Zacks reports. Thermon Group had a net margin of 10.89% and a return on equity of 12.76%. The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. During the same period last year, the company posted $0.38 earnings per share. Thermon Group's revenue for the quarter was down 5.4% on a year-over-year basis. Thermon Group updated its FY 2026 guidance to 1.770-1.990 EPS.

Thermon Group Stock Performance

Shares of NYSE THR traded down $0.89 during midday trading on Friday, hitting $24.07. 258,927 shares of the stock traded hands, compared to its average volume of 145,198. The firm has a 50-day moving average of $27.70 and a two-hundred day moving average of $27.83. The firm has a market capitalization of $799.92 million, a P/E ratio of 15.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.64 and a current ratio of 2.43. Thermon Group has a one year low of $23.05 and a one year high of $33.25.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Thermon Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in Thermon Group by 24.9% in the 1st quarter. Jane Street Group LLC now owns 39,130 shares of the technology company's stock worth $1,090,000 after buying an additional 7,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Thermon Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company's stock worth $552,000 after buying an additional 845 shares in the last quarter. AQR Capital Management LLC increased its stake in Thermon Group by 66.9% in the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company's stock worth $1,124,000 after buying an additional 16,177 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Thermon Group by 0.4% in the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company's stock worth $7,209,000 after buying an additional 1,082 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.