NYSE:THR

Thermon Group (THR) Stock Forecast, Price & News

$27.49

+0.21 (+0.77%)

(As of 09/29/2023 ET)

Compare

Today's Range: $27.17
▼
$27.66
50-Day Range: $25.00
▼
$28.56
52-Week Range: $15.23
▼
$29.17

Volume: 160,095 shs
Average Volume: 176,760 shs
Market Capitalization: $926.14 million

P/E Ratio: 24.33
Dividend Yield: N/A
Price Target: N/A

Thermon Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$77,709 Bought Last Quarter
Proj. Earnings Growth: 14.04%
From $1.78 to $2.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Computer And Technology Sector

119th out of 605 stocks

Electrical Industrial Apparatus Industry

1st out of 10 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Thermon Group.

5.0

Short Interest

Percentage of Shares Shorted
0.46% of the float of Thermon Group has been sold short.
Short Interest Ratio / Days to Cover
Thermon Group has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Thermon Group has recently decreased by 38.56%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Thermon Group does not currently pay a dividend.
Dividend Growth
Thermon Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for THR.

2.8

News and Social Media Coverage

News Sentiment
Thermon Group has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Thermon Group this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for THR on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
4 people have added Thermon Group to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Thermon Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $77,709.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.90% of the stock of Thermon Group is held by insiders.
Percentage Held by Institutions
93.99% of the stock of Thermon Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Thermon Group are expected to grow by 14.04% in the coming year, from $1.78 to $2.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Thermon Group is 24.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Thermon Group is 24.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.94.
Price to Book Value per Share Ratio
Thermon Group has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Thermon Group (NYSE:THR) Stock

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 provides 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. The company also offers controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; and rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names. In addition, it provides transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; track and switch heater, gas blower accessories; transit heaters; and velocity heat. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. The company serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is based in Austin, Texas.

THR Price History

30 days | 90 days | 365 days | Advanced Chart

THR Stock News Headlines

September 21, 2023 | msn.com

Thermon Group: Growth Through Future Operational Excellence Combined With Improved Cash Flows

September 20, 2023 | fool.com

Thermon Group (NYSE: THR)

September 29, 2023 | Behind the Markets (Ad)

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August 23, 2023 | finance.yahoo.com

Estimating The Fair Value Of Thermon Group Holdings, Inc. (NYSE:THR)

August 8, 2023 | gurufocus.com

Insider Buying: SVP - CFO Kevin Fox Acquires 990 Shares of Thermon Group Holdings Inc (THR)

August 7, 2023 | finance.yahoo.com

Thermon Group Holdings, Inc. (NYSE:THR) Q1 2024 Earnings Call Transcript

August 4, 2023 | finance.yahoo.com

Q1 2024 Thermon Group Holdings Inc Earnings Call

August 3, 2023 | finance.yahoo.com

Thermon Group (THR) Surpasses Q1 Earnings and Revenue Estimates

September 29, 2023 | Weiss Ratings (Ad)

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August 3, 2023 | finanznachrichten.de

Thermon Group Holdings, Inc.: Thermon Reports First Quarter Fiscal 2024 Results

August 3, 2023 | finance.yahoo.com

Thermon Reports First Quarter Fiscal 2024 Results

July 27, 2023 | finance.yahoo.com

Thermon Schedules First Quarter Fiscal 2024 Earnings Conference Call - August 3, 2023

July 25, 2023 | finance.yahoo.com

Sensata (ST) Surpasses Q2 Earnings and Revenue Estimates

July 12, 2023 | finance.yahoo.com

What Makes Thermon Group (THR) a Good Fit for 'Trend Investing'

June 27, 2023 | finance.yahoo.com

Thermon Group (THR) Upgraded to Strong Buy: Here's What You Should Know

June 26, 2023 | finance.yahoo.com

Here's Why 'Trend' Investors Would Love Betting on Thermon Group (THR)

June 4, 2023 | finance.yahoo.com

Thermon Group Holdings (NYSE:THR) Might Have The Makings Of A Multi-Bagger

May 26, 2023 | seekingalpha.com

Thermon Group Holdings, Inc. 2023 Q4 - Results - Earnings Call Presentation

May 26, 2023 | finance.yahoo.com

Q4 2023 Thermon Group Holdings Inc Earnings Call

May 25, 2023 | msn.com

Thermon Group Holdings: Q4 Earnings Insights

May 25, 2023 | finance.yahoo.com

Thermon Group (THR) Q4 Earnings Match Estimates

May 25, 2023 | finanznachrichten.de

Thermon Group Holdings, Inc.: Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

May 25, 2023 | finance.yahoo.com

Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

May 24, 2023 | msn.com

Earnings Preview For Thermon Group Holdings

May 23, 2023 | finance.yahoo.com

Thermon Schedules Full Year Fiscal 2023 Earnings Conference Call – May 25, 2023

May 22, 2023 | finance.yahoo.com

Transcat, Inc. (TRNS) Beats Q4 Earnings and Revenue Estimates

May 16, 2023 | finance.yahoo.com

Several Insiders Invested In Thermon Group Holdings Flagging Positive News

See More Headlines

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THR Company Calendar

Last Earnings: 8/03/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electrical industrial apparatus
Sub-Industry: Electrical Components & Equipment
Sector: Computer and Technology
Current Symbol: NYSE:THR
CUSIP: 88362T10
CIK: 1489096
Web: www.thermon.com
Phone: (512) 690-0600
Fax: 512-396-3627
Employees: 1,405
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.13
Trailing P/E Ratio: 24.28
Forward P/E Ratio: 15.42
P/E Growth: N/A
Net Income: $33.67 million
Net Margins: 8.42%
Pretax Margin: 11.93%
Return on Equity: 13.92%
Return on Assets: 8.85%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 2.32
Quick Ratio: 1.48

Sales & Book Value

Annual Sales: $440.59 million
Price / Sales: 2.10
Cash Flow: $2.18 per share
Price / Cash Flow: 12.58
Book Value: $12.51 per share
Price / Book: 2.19

Miscellaneous

Outstanding Shares: 33,690,000
Free Float: 33,047,000
Market Cap: $924.45 million
Optionable: Optionable
Beta: 1.27

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Key Executives

Mr. Bruce A. Thames (Age 60)
Pres, CEO & Director
Comp: $1.88M

Mr. Kevin Fox (Age 39)
Sr. VP & CFO
Comp: $779.66k

Mr. Roberto Kuahara (Age 57)
Sr. VP of Global Operations
Comp: $625.64k

Mr. Thomas N. Cerovski (Age 51)
Sr. VP of Global Sales
Comp: $795.85k

Mr. Mark John Roberts (Age 62)
Sr. VP of Thermon Heating Systems & Engineering
Comp: $636.89k

Mr. Ryan Tarkington (Age 42)
Sr. VP, Gen. Counsel & Corp. Sec.

Ms. Candace Harris-Peterson (Age 44)
VP of HR

Mr. David Buntin (Age 53)
Sr. VP of Thermon Heat Tracing, R&D

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

THR Stock - Frequently Asked Questions

How have THR shares performed in 2023?: Thermon Group's stock was trading at $20.08 at the beginning of 2023. Since then, THR stock has increased by 36.7% and is now trading at $27.44.
View the best growth stocks for 2023 here.
Are investors shorting Thermon Group?: Thermon Group saw a drop in short interest in September. As of September 15th, there was short interest totaling 152,000 shares, a drop of 38.6% from the August 31st total of 247,400 shares. Based on an average trading volume of 175,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company's stock are sold short.
View Thermon Group's Short Interest.
When is Thermon Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our THR earnings forecast.
How were Thermon Group's earnings last quarter?: Thermon Group Holdings, Inc. (NYSE:THR) released its quarterly earnings results on Thursday, August, 3rd. The technology company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.12. The technology company had revenue of $106.89 million for the quarter, compared to analysts' expectations of $101.17 million. Thermon Group had a net margin of 8.42% and a trailing twelve-month return on equity of 13.92%.
What ETFs hold Thermon Group's stock?: ETFs with the largest weight of Thermon Group (NYSE:THR) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).iShares Micro-Cap ETF (IWC).
What guidance has Thermon Group issued on next quarter's earnings?: Thermon Group updated its FY 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $1.69-$1.83 for the period, compared to the consensus estimate of $1.72. The company issued revenue guidance of $462.00 million-$488.00 million, compared to the consensus revenue estimate of $469.82 million.

What is Rodney Bingham's approval rating as Thermon Group's CEO?: 20 employees have rated Thermon Group Chief Executive Officer Rodney Bingham on Glassdoor.com. Rodney Bingham has an approval rating of 49% among the company's employees. This puts Rodney Bingham in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Thermon Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Thermon Group investors own include General Mills (GIS), Seabridge Gold (SA), Teekay LNG Partners (TGP), Trevena (TRVN), Ball (BLL), Chimerix (CMRX), Cinemark (CNK), Canadian Natural Resources (CNQ) and
What is Thermon Group's stock symbol?: Thermon Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THR."
How do I buy shares of Thermon Group?: Shares of THR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Thermon Group's stock price today?: One share of THR stock can currently be purchased for approximately $27.44.
How much money does Thermon Group make?: Thermon Group (NYSE:THR) has a market capitalization of $924.45 million and generates $440.59 million in revenue each year. The technology company earns $33.67 million in net income (profit) each year or $1.13 on an earnings per share basis.
How many employees does Thermon Group have?: The company employs 1,405 workers across the globe.
How can I contact Thermon Group?: Thermon Group's mailing address is 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735. The official website for the company is www.thermon.com. The technology company can be reached via phone at (512) 690-0600, via email at investor.relations@thermon.com, or via fax at 512-396-3627.

This page (NYSE:THR) was last updated on 9/29/2023 by MarketBeat.com Staff

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