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

Key Points

• Thermon Group has revised its FY 2026 earnings guidance, projecting earnings per share (EPS) between 1.770 and 1.990, compared to a consensus estimate of 1.863.
• The company also anticipates revenue in the range of $495 million to $535 million, slightly below the consensus estimate of $518 million.
• Wall Street analysts have upgraded Thermon Group from a "buy" to a "strong-buy" rating, indicating a positive outlook for the company's stock performance.

Thermon Group (NYSE:THR - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.990 for the period, compared to the consensus earnings per share estimate of 1.863. The company issued revenue guidance of $495.0 million-$535.0 million, compared to the consensus revenue estimate of $518.0 million.

Analyst Ratings Changes

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

Thermon Group Stock Performance

Shares of THR stock traded up $0.57 during trading hours on Monday, reaching $24.67. 42,351 shares of the company's stock were exchanged, compared to its average volume of 182,940. The company has a market cap of $815.42 million, a P/E ratio of 15.63 and a beta of 1.09. The company's 50 day moving average is $27.70 and its two-hundred day moving average is $27.80. Thermon Group has a 1 year low of $23.05 and a 1 year high of $33.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.64.

Thermon Group (NYSE:THR - Get Free Report) last issued its 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 firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.76%. Thermon Group's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. Equities research analysts anticipate that Thermon Group will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 buying an additional 845 shares during the last quarter. Jane Street Group LLC increased its stake 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 valued at $1,090,000 after acquiring an additional 7,798 shares during the period. AQR Capital Management LLC increased its stake 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 valued at $1,124,000 after acquiring an additional 16,177 shares during the period. Finally, Royal Bank of Canada increased its stake in Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company's stock valued at $7,209,000 after acquiring an additional 1,082 shares during the period. 99.76% of the stock is owned by 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.