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) issued its quarterly earnings results on Thursday, February, 6th. The technology company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.14. The technology company had revenue of $100.50 million for the quarter, compared to analysts' expectations of $117.77 million. Thermon Group had a return on equity of 9.61% and a net margin of 5.29%. The business's quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. View Thermon Group's Earnings History.

Thermon Group is scheduled to release their next quarterly earnings announcement on Thursday, June 4th 2020. View Earnings Estimates for Thermon Group.

Thermon Group updated its FY 2020 IntraDay earnings guidance on Thursday, February, 6th. The company provided earnings per share (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 brokers have issued 12-month price targets for Thermon Group's shares. Their forecasts range from $25.00 to $25.00. On average, they expect Thermon Group's share price to reach $25.00 in the next year. This suggests a possible upside of 25.3% 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.

News stories about THR stock have trended very positive recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Thermon Group earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Thermon Group.

Thermon Group saw a increase in short interest in 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 daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company's shares are sold short. View Thermon Group's Current Options Chain.

Some companies that are related to Thermon Group include Emerson Electric (EMR), Eaton (ETN), Roper Technologies (ROP), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), Acuity Brands (AYI), Regal Beloit (RBC), EnerSys (ENS), II-VI (IIVI), Brady (BRC), Franklin Electric (FELE), Belden (BDC) and Vicor (VICR).

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 investors include Eagle Asset Management Inc. (5.80%), Janus Henderson Group PLC (5.31%), State Street Corp (2.14%), Renaissance Technologies LLC (1.93%), Bank of America Corp DE (1.83%) and New South Capital Management Inc. (1.83%). 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, Janus Henderson Group PLC, Barclays PLC, Granite Investment Partners LLC and Renaissance Technologies LLC. View Insider Buying and Selling for Thermon Group.

THR stock was purchased 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., Geode Capital Management LLC, UBS Group AG and Russell Investments Group Ltd.. 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 $19.96.

Thermon Group has a market capitalization of $656.28 million and generates $412.64 million in revenue each year. The technology company earns $22.76 million in net income (profit) each year or $1.19 on an earnings per share basis. Thermon Group employs 1,465 workers across the globe.View Additional Information About Thermon Group.

The official website for Thermon Group is http://www.thermon.com/.

Thermon Group's mailing address is 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735. The technology company can be reached via phone at 512-690-0600 or via email at [email protected]