Thermon Group - THR Stock Forecast, Price & News

Thermon Group's stock was trading at $20.08 at the beginning of the year. Since then, THR stock has increased by 19.5% and is now trading at $24.00.
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Thermon Group saw a increase in short interest in December. As of December 30th, there was short interest totaling 220,200 shares, an increase of 33.9% from the December 15th total of 164,500 shares. Based on an average trading volume of 147,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.7% of the company's shares are sold short.
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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 results on Tuesday, November, 9th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $0.12 EPS.

Thermon Group issued an update on 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 earnings per share 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."

Thermon Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Rice Hall James & Associates LLC (0.48%), Assenagon Asset Management S.A. (0.26%), North Star Investment Management Corp. (0.17%), Allspring Global Investments Holdings LLC (0.08%), SG Americas Securities LLC (0.03%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Insiders that own company stock include Bruce Thames, Der Salm Johannes Rene Van, John T Nesser III, Kevin Fox and Michael W Press.
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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 $24.00.

Thermon Group (NYSE:THR) has a market capitalization of $804 million and generates $355.67 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.