Thermon Group (NYSE:THR) Releases Earnings Results, Beats Estimates By $0.10 EPS

Thermon Group (NYSE:THR) issued its earnings results on Tuesday. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10, Briefing.com reports. The business had revenue of $102.90 million during the quarter, compared to the consensus estimate of $92.24 million. Thermon Group had a return on equity of 10.96% and a net margin of 5.81%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS.

NYSE THR traded down $0.08 during mid-day trading on Friday, hitting $26.97. The stock had a trading volume of 149,282 shares, compared to its average volume of 110,786. Thermon Group has a 52-week low of $18.37 and a 52-week high of $27.73. The company has a market cap of $891.21 million, a price-to-earnings ratio of 22.66 and a beta of 1.45. The company has a 50 day simple moving average of $23.29 and a 200 day simple moving average of $24.01. The company has a quick ratio of 2.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.59.

A number of brokerages have recently issued reports on THR. ValuEngine downgraded Thermon Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Zacks Investment Research downgraded Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

In other news, SVP James Pribble acquired 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $21.35 per share, with a total value of $29,890.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John U. Clarke acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $21.47 per share, with a total value of $107,350.00. Following the completion of the purchase, the director now directly owns 5,917 shares in the company, valued at $127,037.99. The disclosure for this purchase can be found here. Insiders purchased a total of 8,650 shares of company stock valued at $186,965 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

About Thermon Group

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 for Thermon Group (NYSE:THR)

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