Thermon Group (NYSE:THR) Updates FY 2025 Earnings Guidance

Thermon Group (NYSE:THR - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.890 for the period, compared to the consensus earnings per share estimate of 1.980. The company issued revenue guidance of $495.0 million-$510.0 million, compared to the consensus revenue estimate of $538.7 million. Thermon Group also updated its FY25 guidance to $1.77-1.89 EPS.

Thermon Group Stock Down 1.5 %

Shares of Thermon Group stock traded down $0.45 during trading hours on Thursday, hitting $28.99. 304,981 shares of the company's stock traded hands, compared to its average volume of 191,373. Thermon Group has a twelve month low of $23.76 and a twelve month high of $35.93. The company has a market cap of $979.86 million, a PE ratio of 20.27 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 2.61 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $28.55 and a 200-day simple moving average of $30.45.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.07. The firm had revenue of $115.10 million during the quarter, compared to analyst estimates of $115.99 million. Thermon Group had a return on equity of 13.26% and a net margin of 9.78%. Thermon Group's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Equities research analysts anticipate that Thermon Group will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Thermon Group from a "hold" rating to a "buy" rating in a report 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.