NYSE:THR - Thermon Group Stock Price, Forecast & News

Thermon Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THR."

Thermon Group Holdings Inc (NYSE:THR) announced its quarterly earnings results on Thursday, February, 6th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.14. The technology company earned $100.50 million during the quarter, compared to analyst estimates of $117.77 million. The company's quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. View Thermon Group's Earnings History.

Thermon Group updated its FY 2020 IntraDay earnings guidance on Thursday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $383-390 million, compared to the consensus revenue estimate of $426.03 million.

2 analysts have issued twelve-month price targets for Thermon Group's stock. Their forecasts range from $25.00 to $25.00. On average, they expect Thermon Group's stock price to reach $25.00 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for Thermon Group.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Thermon Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Thermon Group.

Media headlines about THR stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Thermon Group earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Thermon Group.

Thermon Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 93,000 shares, an increase of 31.4% from the January 15th total of 70,800 shares. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company's stock are short sold. View Thermon Group's Current Options Chain.

Some companies that are related to Thermon Group include Emerson Electric (EMR), Eaton (ETN), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), Acuity Brands (AYI), II-VI (IIVI), EnerSys (ENS), Franklin Electric (FELE), Brady (BRC), Belden (BDC), FuelCell Energy (FCEL), LSI Industries (LYTS), American Superconductor (AMSC) and Encore Wire (WIRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Thermon Group investors own include RealReal (REAL), SVMK (SVMK), Virtu Financial (VIRT), Chewy (CHWY), Dominion Energy (D), Snap (SNAP), Teekay Lng Partners (TGP), Timkensteel (TMST), Tapestry (TPR) and Triton International (TRTN).

Thermon Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Eagle Asset Management Inc. (5.80%), State Street Corp (2.14%), Renaissance Technologies LLC (1.93%), Bank of America Corp DE (1.83%), New South Capital Management Inc. (1.83%) and Jennison Associates LLC (1.46%). Company insiders that own Thermon Group stock include Der Salm Johannes Rene Van, James Pribble, Jay Peterson, John T Nesser III, John U Clarke, Kevin J Mcginty and Roger L Fix. View Institutional Ownership Trends for Thermon Group.

THR stock was sold by a variety of institutional investors in the last quarter, including Rutabaga Capital Management LLC MA, Bank of America Corp DE, Goldman Sachs Group Inc., State of New Jersey Common Pension Fund D, Barclays PLC, Granite Investment Partners LLC, Renaissance Technologies LLC and GW&K Investment Management LLC. View Insider Buying and Selling for Thermon Group.

THR stock was acquired by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Hotchkis & Wiley Capital Management LLC, Oxford Asset Management LLP, Marshall Wace LLP, Marshall Wace North America L.P., UBS Group AG, Russell Investments Group Ltd. and State Street Corp. Company insiders that have bought Thermon Group stock in the last two years include James Pribble, Jay Peterson, John T Nesser III, John U Clarke, Kevin J Mcginty and Roger L Fix. View Insider Buying and Selling for Thermon Group.

Shares of THR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of THR stock can currently be purchased for approximately $21.41.