Thermon Group Holdings Inc. (THR) Stock Price Down 2.8%
Shares of Thermon Group Holdings Inc. (NYSE:THR) were down 2.8% during trading on Wednesday . The stock traded as low as $19.32 and last traded at $19.42, with a volume of 84,968 shares traded. The stock had previously closed at $19.98.
Several analysts have commented on THR shares. Zacks Investment Research raised shares of Thermon Group Holdings from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Saturday, May 28th. SunTrust Banks Inc. lowered their price target on shares of Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.00.
The firm has a market cap of $626.43 million and a P/E ratio of 29.88. The stock’s 50 day moving average is $19.92 and its 200-day moving average is $18.73.
Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings data 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. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $64.09 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Thermon Group Holdings Inc. will post $0.73 EPS for the current year.
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