Thermon Group Holdings Inc. (THR) Trading 4.2% Higher
Shares of Thermon Group Holdings Inc. (NYSE:THR) traded up 4.2% during mid-day trading on Thursday . The stock traded as high as $19.52 and last traded at $19.49, with a volume of 137,099 shares changing hands. The stock had previously closed at $18.70.
Several analysts have issued reports on the stock. SunTrust Banks Inc. cut their target price on shares of Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research downgraded shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.00.
The company’s 50-day moving average is $19.86 and its 200-day moving average is $18.63. The company has a market cap of $633.85 million and a price-to-earnings ratio of 30.23.
Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.07. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $64.09 million. Thermon Group Holdings’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Thermon Group Holdings Inc. will post $0.73 earnings per share for the current year.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.