Thermon Group Holdings Inc. (THR) Shares Up 4.2%
Thermon Group Holdings Inc. (NYSE:THR) shares shot 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. The stock had previously closed at $18.70.
THR has been the subject of a number of recent analyst reports. SunTrust Banks Inc. decreased their price objective on shares of Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. Zacks Investment Research lowered shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.00.
The stock’s 50 day moving average price is $19.89 and its 200 day moving average price is $18.61. The company has a market capitalization of $628.69 million and a P/E ratio of 29.98.
Thermon Group Holdings (NYSE:THR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.07. The firm had revenue of $63.40 million for the quarter, compared to the consensus estimate of $64.09 million. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. On average, equities research analysts expect that Thermon Group Holdings Inc. will post $0.73 earnings per share for the current fiscal year.
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