Thermon Group (NYSE:THR - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.770-1.990 for the period, compared to the consensus 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Thermon Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.
Read Our Latest Research Report on THR
Thermon Group Stock Performance
Shares of NYSE:THR traded down $3.08 during midday trading on Thursday, hitting $25.15. The stock had a trading volume of 395,473 shares, compared to its average volume of 183,542. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $27.77 and a two-hundred day moving average price of $27.90. Thermon Group has a 1 year low of $23.05 and a 1 year high of $33.25. The company has a market capitalization of $835.99 million, a PE ratio of 16.02 and a beta of 1.09.
Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Thermon Group had a return on equity of 13.08% and a net margin of 10.74%. During the same quarter in the previous year, the company earned $0.38 EPS. The firm's revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts predict that Thermon Group will post 1.88 earnings per share for the current fiscal year.
Institutional Trading of Thermon Group
A number of hedge funds have recently made changes to their positions in THR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Thermon Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company's stock valued at $552,000 after buying an additional 845 shares during the last quarter. Royal Bank of Canada raised its stake in Thermon Group by 0.4% during the 1st 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 in the last quarter. Jane Street Group LLC grew its position 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 valued at $1,090,000 after buying an additional 7,798 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 99.76% of the company's stock.
Thermon Group Company Profile
(
Get Free Report)
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.
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