Thermon Group (THR) Expected to Announce Earnings on Thursday

Thermon Group (NYSE:THR) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect Thermon Group to post earnings of $0.54 per share and revenue of $138.91 million for the quarter. Thermon Group has set its FY 2025 guidance at 1.770-1.890 EPS and its FY25 guidance at $1.77-1.89 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The firm had revenue of $114.60 million for the quarter, compared to analyst estimates of $116.19 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. On average, analysts expect Thermon Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Thermon Group Stock Down 0.6 %

Shares of THR stock opened at $27.13 on Wednesday. The company has a market capitalization of $913.98 million, a price-to-earnings ratio of 21.19 and a beta of 1.10. Thermon Group has a 12-month low of $24.11 and a 12-month high of $35.93. The firm has a fifty day moving average of $29.68 and a 200-day moving average of $29.53. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29.

Insiders Place Their Bets

In other news, SVP David Buntin sold 28,137 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the transaction, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.