Thermon Group Holdings (THR) Getting Somewhat Favorable Media Coverage, Analysis Finds

News coverage about Thermon Group Holdings (NYSE:THR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Thermon Group Holdings earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

THR has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Thermon Group Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $20.00 to $23.00 in a report on Monday, March 27th. ValuEngine cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. Jefferies Group LLC restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a report on Sunday, May 28th. Finally, BidaskClub upgraded shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Thermon Group Holdings presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Shares of Thermon Group Holdings (NYSE:THR) traded down 0.21% during trading on Monday, reaching $18.67. 2,656 shares of the company were exchanged. The firm’s 50 day moving average is $19.14 and its 200 day moving average is $19.84. The firm has a market capitalization of $604.35 million, a P/E ratio of 41.49 and a beta of 1.00. Thermon Group Holdings has a 1-year low of $16.50 and a 1-year high of $21.48.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.03. Thermon Group Holdings had a net margin of 4.96% and a return on equity of 4.29%. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $66.24 million. During the same period in the previous year, the business earned $0.20 EPS. Thermon Group Holdings’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Thermon Group Holdings will post $0.45 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first published by WKRB News and is the sole property of of WKRB News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.wkrb13.com/markets/2285359/thermon-group-holdings-thr-getting-somewhat-favorable-media-coverage-analysis-finds.html.

Thermon Group Holdings Company Profile

Insider Buying and Selling by Quarter for Thermon Group Holdings (NYSE:THR)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285359/thermon-group-holdings-thr-getting-somewhat-favorable-media-coverage-analysis-finds.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.