Thermon Group (THR) Set to Announce Quarterly Earnings on Thursday

Thermon Group (NYSE:THR - Get Free Report) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Thermon Group has set its FY25 guidance at $1.90-2.06 EPS and its FY 2025 guidance at 1.900-2.060 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.07. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business had revenue of $115.10 million during the quarter, compared to the consensus estimate of $115.99 million. During the same quarter last year, the firm earned $0.40 EPS. The business's revenue was up 7.7% compared to the same quarter last year. On average, analysts expect Thermon Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Thermon Group Trading Up 0.8 %

THR traded up $0.20 during trading hours on Friday, reaching $26.41. The company's stock had a trading volume of 187,735 shares, compared to its average volume of 190,328. The stock has a market cap of $892.66 million, a PE ratio of 18.40 and a beta of 1.05. Thermon Group has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.61 and a quick ratio of 1.73. The business's 50-day moving average is $28.85 and its 200-day moving average is $30.54.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Thermon Group from a "hold" rating to a "buy" rating in a research note 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.