Thermon Group (NYSE:THR) Updates FY 2026 Earnings Guidance

Thermon Group (NYSE:THR - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.770-1.990 for the period, compared to the consensus EPS estimate of 2.020. The company issued revenue guidance of $495.0 million-$535.0 million, compared to the consensus revenue estimate of $536.9 million.

Thermon Group Trading Up 1.5%

NYSE:THR traded up $0.41 during trading hours on Tuesday, hitting $26.89. The company had a trading volume of 60,250 shares, compared to its average volume of 169,149. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $27.21 and a 200 day moving average of $28.75. The company has a market cap of $905.92 million, a P/E ratio of 19.77 and a beta of 1.07. Thermon Group has a 1 year low of $23.05 and a 1 year high of $35.84.

Thermon Group (NYSE:THR - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Thermon Group's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts expect that Thermon Group will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 845 shares during the last quarter. Jane Street Group LLC grew its position in shares of Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company's stock valued at $1,090,000 after purchasing an additional 7,798 shares during the period. AQR Capital Management LLC grew its position in shares of Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company's stock valued at $1,124,000 after purchasing an additional 16,177 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company's stock valued at $7,209,000 after purchasing an additional 1,082 shares during the period. 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.