Analysts Offer Predictions for Thermon Group FY2026 Earnings

Thermon Group Holdings, Inc. (NYSE:THR - Free Report) - Stock analysts at William Blair lowered their FY2026 earnings estimates for shares of Thermon Group in a report issued on Thursday, November 7th. William Blair analyst B. Drab now anticipates that the technology company will post earnings of $2.12 per share for the year, down from their previous forecast of $2.27. The consensus estimate for Thermon Group's current full-year earnings is $1.79 per share. William Blair also issued estimates for Thermon Group's FY2027 earnings at $2.49 EPS.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $114.60 million during the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a return on equity of 12.19% and a net margin of 8.89%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share.

Separately, StockNews.com upgraded Thermon Group from a "hold" rating to a "buy" rating in a research note on Saturday, September 14th.

Thermon Group Stock Performance

Shares of NYSE:THR traded up $0.99 during mid-day trading on Monday, reaching $29.44. The company had a trading volume of 166,426 shares, compared to its average volume of 192,080. The company's 50-day moving average price is $28.49 and its 200-day moving average price is $30.43. 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 $995.07 million, a price-to-earnings ratio of 22.23 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.31.

Institutional Trading of Thermon Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its position in shares of Thermon Group by 9.8% in the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company's stock worth $210,000 after purchasing an additional 608 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Thermon Group by 9.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company's stock valued at $216,000 after acquiring an additional 613 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Thermon Group by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company's stock worth $523,000 after purchasing an additional 682 shares during the period. Lazard Asset Management LLC raised its position in Thermon Group by 8.3% in the first quarter. Lazard Asset Management LLC now owns 10,093 shares of the technology company's stock worth $330,000 after acquiring an additional 774 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its position in Thermon Group by 1.7% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 47,057 shares of the technology company's stock valued at $1,404,000 after purchasing an additional 798 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

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.