Analysts Anticipate Thermon Group Holdings (THR) Will Post Quarterly Sales of $97.08 Million

Analysts expect Thermon Group Holdings (NYSE:THR) to post $97.08 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Thermon Group’s earnings. The highest sales estimate is $98.20 million and the lowest is $95.97 million. Thermon Group posted sales of $67.58 million during the same quarter last year, which suggests a positive year over year growth rate of 43.7%. The company is expected to issue its next quarterly earnings results on Wednesday, May 23rd.

According to Zacks, analysts expect that Thermon Group will report full-year sales of $97.08 million for the current year, with estimates ranging from $301.99 million to $304.20 million. For the next fiscal year, analysts expect that the firm will report sales of $375.39 million per share, with estimates ranging from $374.47 million to $376.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Thermon Group.

How to Become a New Pot Stock Millionaire

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $80.42 million. During the same period in the previous year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year.

A number of equities research analysts recently issued reports on THR shares. Zacks Investment Research cut Thermon Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. TheStreet cut Thermon Group from a “b-” rating to a “c” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets boosted their price objective on Thermon Group to $31.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Thermon Group has a consensus rating of “Hold” and an average target price of $25.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of Thermon Group by 10.4% during the fourth quarter. Raymond James & Associates now owns 26,958 shares of the technology company’s stock valued at $638,000 after buying an additional 2,542 shares during the period. Victory Capital Management Inc. increased its position in shares of Thermon Group by 37.1% during the third quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock valued at $195,000 after buying an additional 2,936 shares during the period. Confluence Investment Management LLC increased its position in shares of Thermon Group by 1.8% during the fourth quarter. Confluence Investment Management LLC now owns 230,174 shares of the technology company’s stock valued at $5,449,000 after buying an additional 4,168 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Thermon Group by 87.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock valued at $248,000 after buying an additional 4,900 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Thermon Group during the third quarter valued at about $144,000.

Thermon Group stock traded up $0.16 during midday trading on Tuesday, reaching $22.41. The stock had a trading volume of 88,258 shares, compared to its average volume of 105,283. Thermon Group has a 12 month low of $15.74 and a 12 month high of $26.50. The stock has a market capitalization of $727.52, a P/E ratio of 44.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.04 and a current ratio of 4.27.

WARNING: “Analysts Anticipate Thermon Group Holdings (THR) Will Post Quarterly Sales of $97.08 Million” was originally published by WKRB News and is the property of of WKRB News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.wkrb13.com/2018/04/01/analysts-anticipate-thermon-group-holdings-thr-will-post-quarterly-sales-of-97-08-million.html.

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.

Get a free copy of the Zacks research report on Thermon Group (THR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply