Thermon Group (NYSE:THR - Get Free Report) posted its earnings results on Thursday. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06, Zacks reports. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. During the same period last year, the business posted $0.34 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Thermon Group updated its FY 2026 guidance to 1.770-1.990 EPS.
Thermon Group Stock Up 1.1%
Shares of THR traded up $0.28 on Tuesday, hitting $26.76. The company's stock had a trading volume of 68,247 shares, compared to its average volume of 181,699. The firm's fifty day moving average price is $27.21 and its 200-day moving average price is $28.75. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $35.84. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $901.54 million, a price-to-earnings ratio of 19.69 and a beta of 1.07.
Analyst Ratings Changes
Separately, Wall Street Zen raised Thermon Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday.
Check Out Our Latest Stock Report on THR
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 acquiring an additional 845 shares in the last quarter. Jane Street Group LLC boosted 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 purchasing an additional 7,798 shares during the period. AQR Capital Management LLC increased its holdings 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 purchasing an additional 16,177 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Thermon Group by 0.4% in the 1st 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. 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.
See Also
Before you consider Thermon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Thermon Group wasn't on the list.
While Thermon Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
