Thermon Group (NYSE:THR – Get Free Report) issued its quarterly earnings data on Thursday. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03, Briefing.com reports. The company had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS and its FY25 guidance to $1.77-1.89 EPS.
Thermon Group Stock Performance
THR traded down $0.58 during trading on Friday, hitting $28.45. The company’s stock had a trading volume of 370,634 shares, compared to its average volume of 192,199. The company has a quick ratio of 1.73, a current ratio of 2.61 and a debt-to-equity ratio of 0.31. Thermon Group has a one year low of $23.76 and a one year high of $35.93. The firm has a market cap of $961.67 million, a PE ratio of 22.23 and a beta of 1.07. The business’s 50 day simple moving average is $28.49 and its 200-day simple moving average is $30.44.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.
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.
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