Thermon Group - THR Stock Forecast, Price & News

Thermon Group's stock was trading at $20.08 on January 1st, 2023. Since then, THR stock has increased by 24.1% and is now trading at $24.92.
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Thermon Group saw a increase in short interest in February. As of February 15th, there was short interest totaling 235,500 shares, an increase of 16.0% from the January 31st total of 203,000 shares. Based on an average daily volume of 189,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.7% of the shares of the company are sold short.
View Thermon Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our THR earnings forecast.

Thermon Group Holdings, Inc. (NYSE:THR) announced its quarterly earnings data on Tuesday, November, 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The technology company had revenue of $81.32 million for the quarter, compared to analyst estimates of $73.05 million. Thermon Group had a trailing twelve-month return on equity of 12.25% and a net margin of 8.24%. During the same quarter last year, the business posted $0.12 EPS.

ETFs with the largest weight of Thermon Group (NYSE:THR) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), IQ Chaikin U.S. Small Cap ETF (CSML) and iShares Micro-Cap ETF (IWC),

Thermon Group updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $1.55-$1.59 for the period, compared to the consensus estimate of $1.35. The company issued revenue guidance of $429.00 million-$437.00 million, compared to the consensus revenue estimate of $411.97 million.

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.

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), Ampio Pharmaceuticals (AMPE), Ball (BLL), Chimerix (CMRX), Cinemark (CNK), Canadian Natural Resources (CNQ) and

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

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.
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One share of THR stock can currently be purchased for approximately $24.92.

Thermon Group (NYSE:THR) has a market capitalization of $834.92 million and generates $420.69 million in revenue each year. The technology company earns $20.09 million in net income (profit) each year or $1.04 on an earnings per share basis.

The company employs 1,227 workers across the globe.

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.