Thermon Group Reports Positive Earnings Results for the Quarter

Thermon Group (NYSE:THR) released its earnings results on Thursday, reporting a quarterly earnings per share (EPS) of $0.38. This figure surpassed analysts' expectations, which had set the consensus estimate at $0.35, resulting in a positive variance of $0.03. The company generated revenue of $114.60 million during the quarter, though this was slightly below the anticipated $116.19 million from analysts. Thermon Group achieved a return on equity of 13.26% and a net margin of 9.78%. However, the revenue reflects a decline of 7.4% compared to the same quarter last year, where the company reported a higher EPS of $0.49.

Following the earnings results, Thermon Group updated its financial outlook for fiscal year 2025, expecting to deliver EPS in the range of $1.77 to $1.89.

Recent Stock Performance

Shares of Thermon Group fell by $1.06 during trading on Friday, bringing the stock price down to $27.97. This trading session saw a volume of 210,418 shares, which exceeded the moving average volume of 191,460 shares. Thermon Group’s market capitalization stands at approximately $945.44 million, with a price-to-earnings (P/E) ratio of 21.81. Over the past year, the stock has ranged from a low of $23.76 to a high of $35.93. Presently, the 50-day simple moving average is $28.55, and the 200-day moving average is $30.45. Additionally, the firm maintains a current ratio of 2.61 and a quick ratio of 1.73, while having a manageable debt-to-equity ratio of 0.31.

Analyst Ratings Update

In related news, StockNews.com has elevated Thermon Group’s rating from "hold" to "buy" as of September 14th. This revision indicates growing confidence among analysts regarding the company’s performance.

About Thermon Group

Thermon Group Holdings, Inc. specializes in engineered industrial process heating solutions. The company services various industries across the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific region. Its product offerings include heat tracing solutions, electric heat tracing cables, steam heating systems, controls, monitoring software, instrumentation, project services, as well as industrial heating and filtration solutions.

Earnings, Stock, Thermon