Brokerages forecast that Thermon Group Holdings Inc (NYSE:THR) will announce earnings per share (EPS) of $0.37 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Thermon Group’s earnings. Thermon Group posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 54.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Thermon Group will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.36 per share, with EPS estimates ranging from $1.27 to $1.45. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Thermon Group.

Thermon Group (NYSE:THR) last released its earnings results on Wednesday, January 30th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Thermon Group had a net margin of 5.50% and a return on equity of 10.70%. The firm had revenue of $119.36 million for the quarter, compared to the consensus estimate of $100.28 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 28.8% compared to the same quarter last year.

Several equities analysts have recently commented on THR shares. Zacks Investment Research raised shares of Thermon Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Finally, TheStreet downgraded shares of Thermon Group from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Thermon Group currently has an average rating of “Buy” and a consensus price target of $28.50.

Shares of THR stock traded down $0.13 during mid-day trading on Thursday, hitting $25.32. The company had a trading volume of 49,402 shares, compared to its average volume of 102,646. Thermon Group has a 52-week low of $18.37 and a 52-week high of $27.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.38 and a current ratio of 3.35. The company has a market capitalization of $826.47 million, a PE ratio of 25.58 and a beta of 1.35.

A number of institutional investors have recently added to or reduced their stakes in THR. Jennison Associates LLC purchased a new stake in Thermon Group during the fourth quarter valued at $8,865,000. Bank of America Corp DE raised its stake in Thermon Group by 33.7% during the fourth quarter. Bank of America Corp DE now owns 534,337 shares of the technology company’s stock valued at $10,837,000 after purchasing an additional 134,564 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Thermon Group during the third quarter valued at $2,475,000. GW&K Investment Management LLC raised its stake in Thermon Group by 90.2% during the third quarter. GW&K Investment Management LLC now owns 193,699 shares of the technology company’s stock valued at $4,994,000 after purchasing an additional 91,850 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Thermon Group by 4.2% during the third quarter. BlackRock Inc. now owns 2,140,293 shares of the technology company’s stock valued at $55,176,000 after purchasing an additional 86,488 shares in the last quarter.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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Earnings History and Estimates for Thermon Group (NYSE:THR)

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