Thermon Group (THR) to Release Quarterly Earnings on Wednesday

Key Points

• Thermon Group (THR) is set to announce its Q1 2026 earnings results on August 6th, with expected earnings of $0.37 per share and revenue of $122.53 million.
• In its last earnings report, Thermon Group beat earnings estimates, reporting $0.56 EPS and $134.08 million in revenue, a 5.0% increase compared to the same quarter last year.
• Wall Street experts have upgraded Thermon Group from a "buy" to a "strong-buy" rating, reflecting positive market sentiment towards the company.

Thermon Group (NYSE:THR - Get Free Report) is expected to post its Q1 2026 quarterly earnings results before the market opens on Wednesday, August 6th. Analysts expect Thermon Group to post earnings of $0.37 per share and revenue of $122.53 million for the quarter. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The business had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. During the same period last year, the company posted $0.34 earnings per share. The business's quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect Thermon Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Thermon Group Stock Down 3.3%

Thermon Group stock traded down $0.94 during midday trading on Friday, reaching $27.34. The stock had a trading volume of 144,895 shares, compared to its average volume of 118,002. The company has a fifty day moving average price of $27.66 and a two-hundred day moving average price of $27.92. Thermon Group has a 12 month low of $23.05 and a 12 month high of $33.25. 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 company has a market capitalization of $908.86 million, a P/E ratio of 17.41 and a beta of 1.05.

Institutional Trading of Thermon Group

Hedge funds and other institutional investors have recently made changes to their positions in 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 valued at $552,000 after buying an additional 845 shares during the period. Jane Street Group LLC increased its holdings in 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 acquiring an additional 7,798 shares during the period. AQR Capital Management LLC lifted its stake in Thermon Group by 66.9% in 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 boosted its holdings in 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. 99.76% of the stock is currently owned by institutional investors.

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 note on Saturday, May 24th.

About Thermon Group

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.