Thermon Group (NYSE:THR) Announces Earnings Results

Thermon Group (NYSE:THR - Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06, Zacks reports. The company had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Thermon Group updated its FY 2026 guidance to 1.770-1.990 EPS.

Thermon Group Stock Down 8.2%

Shares of Thermon Group stock traded down $2.36 during trading on Friday, hitting $26.51. 378,729 shares of the stock were exchanged, compared to its average volume of 169,570. The stock has a market cap of $893.22 million, a price-to-earnings ratio of 19.49 and a beta of 1.07. The firm's 50-day moving average price is $27.28 and its 200 day moving average price is $28.77. Thermon Group has a 12-month low of $23.05 and a 12-month high of $35.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Thermon Group

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its position in shares of Thermon Group by 24.9% during the 1st quarter. Jane Street Group LLC now owns 39,130 shares of the technology company's stock worth $1,090,000 after purchasing an additional 7,798 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $552,000 after acquiring an additional 845 shares in the last quarter. AQR Capital Management LLC raised its stake in Thermon Group by 66.9% during the 1st 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. Finally, 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 worth $7,209,000 after acquiring an additional 1,082 shares in the last quarter. 99.76% of the stock is 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.