Thermon Group Holdings, Inc. (NYSE:THR) – Analysts at SunTrust Banks upped their FY2018 earnings estimates for Thermon Group Holdings in a report released on Monday. SunTrust Banks analyst C. Brady now anticipates that the technology company will post earnings of $0.49 per share for the year, up from their previous forecast of $0.44. SunTrust Banks currently has a “Hold” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Thermon Group Holdings’ Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.71 EPS.
Thermon Group Holdings (NYSE:THR) last released its earnings results on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $61.63 million during the quarter, compared to analysts’ expectations of $61.64 million. Thermon Group Holdings had a return on equity of 4.47% and a net margin of 5.65%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS.
THR has been the subject of a number of other reports. Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Thermon Group Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price objective (up from $21.00) on shares of Thermon Group Holdings in a report on Friday, October 6th. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, BMO Capital Markets increased their price objective on Thermon Group Holdings from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.
Thermon Group Holdings (NYSE THR) traded up 2.44% during midday trading on Wednesday, hitting $21.79. The stock had a trading volume of 104,373 shares. The company has a 50-day moving average of $19.04 and a 200-day moving average of $18.79. Thermon Group Holdings has a 1-year low of $15.74 and a 1-year high of $22.36. The stock has a market cap of $706.04 million, a price-to-earnings ratio of 57.49 and a beta of 0.97.
A number of institutional investors and hedge funds have recently modified their holdings of THR. Janus Henderson Group PLC bought a new stake in Thermon Group Holdings during the second quarter valued at $49,144,000. American Century Companies Inc. bought a new stake in Thermon Group Holdings during the second quarter valued at $6,681,000. Northern Trust Corp boosted its position in Thermon Group Holdings by 43.5% during the second quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock valued at $10,725,000 after acquiring an additional 169,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Thermon Group Holdings by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock valued at $29,083,000 after acquiring an additional 142,933 shares during the last quarter. Finally, Kempen Capital Management N.V. bought a new stake in Thermon Group Holdings during the second quarter valued at $2,542,000.
Thermon Group Holdings Company Profile