Thermon Group (NYSE:THR) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Thermon Group (NYSE:THR - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02, Zacks reports. Thermon Group had a net margin of 9.48% and a return on equity of 11.77%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Stock Performance

Shares of Thermon Group stock traded up $1.06 during midday trading on Monday, hitting $28.58. The company had a trading volume of 273,097 shares, compared to its average volume of 147,469. The stock has a market cap of $962.89 million, a PE ratio of 21.02 and a beta of 1.10. Thermon Group has a 1-year low of $25.76 and a 1-year high of $35.93. The business's 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $29.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85.

Insider Activity at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the transaction, the senior vice president now owns 57,773 shares of the company's stock, valued at $1,857,401.95. This represents a 32.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Friday.

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.