Thermon Group Holdings (THR) Receives News Sentiment Score of 0.08
Headlines about Thermon Group Holdings (NYSE:THR) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Thermon Group Holdings earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.3412309053551 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts have issued reports on the company. ValuEngine downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. BidaskClub downgraded Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Wolfe Research assumed coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Thermon Group Holdings presently has a consensus rating of “Hold” and an average target price of $21.50.
Thermon Group Holdings (THR) traded up 1.312% during mid-day trading on Thursday, reaching $16.605. The company’s stock had a trading volume of 30,734 shares. The company has a market cap of $538.04 million, a PE ratio of 43.813 and a beta of 0.98. The firm’s 50 day moving average is $17.63 and its 200-day moving average is $19.28. Thermon Group Holdings has a 12-month low of $15.74 and a 12-month high of $21.48.
Thermon Group Holdings (NYSE:THR) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The company had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $58.35 million. During the same period in the previous year, the company posted $0.08 EPS. Thermon Group Holdings’s quarterly revenue was down 18.5% compared to the same quarter last year. Equities analysts anticipate that Thermon Group Holdings will post $0.43 earnings per share for the current fiscal year.
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Thermon Group Holdings Company Profile
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