Thermon Group (NYSE:THR - Get Free Report) released its quarterly earnings results on Thursday. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03, Briefing.com reports. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business had revenue of $114.60 million for the quarter, compared to analysts' expectations of $116.19 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. 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
NYSE THR traded down $0.58 during trading hours 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. Thermon Group has a 12 month low of $23.76 and a 12 month high of $35.93. The company's 50 day simple moving average is $28.49 and its two-hundred day simple moving average is $30.44. 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 company has a market cap of $961.67 million, a P/E ratio of 22.23 and a beta of 1.07.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Thermon Group from a "hold" rating to a "buy" rating in a research note on Saturday, September 14th.
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Thermon Group Company Profile
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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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