Thermon Group Holdings Inc. (NYSE:THR) – Analysts at Jefferies Group reduced their Q2 2017 earnings per share (EPS) estimates for shares of Thermon Group Holdings in a research report issued to clients and investors on Wednesday. Jefferies Group analyst B. Bohra now anticipates that the firm will earn $0.16 per share for the quarter, down from their prior forecast of $0.24. Jefferies Group also issued estimates for Thermon Group Holdings’ Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.92 EPS.
Several other research firms have also recently weighed in on THR. Zacks Investment Research cut shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. SunTrust Banks Inc. dropped their price target on shares of Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. Finally, BMO Capital Markets set a $19.00 price target on shares of Thermon Group Holdings and gave the company a “hold” rating in a research note on Wednesday, September 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Thermon Group Holdings presently has an average rating of “Hold” and an average target price of $19.75.
Thermon Group Holdings (NYSE:THR) opened at 19.27 on Monday. The stock has a market capitalization of $621.59 million, a price-to-earnings ratio of 29.65 and a beta of 1.09. The firm has a 50-day moving average of $18.96 and a 200 day moving average of $19.24. Thermon Group Holdings has a 12-month low of $13.97 and a 12-month high of $22.44.
Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.07. Thermon Group Holdings had a return on equity of 8.78% and a net margin of 7.54%. The firm earned $63.40 million during the quarter, compared to analysts’ expectations of $64.09 million. During the same period in the prior year, the firm posted $0.18 earnings per share. Thermon Group Holdings’s revenue for the quarter was down 2.8% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock worth $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. boosted its position in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock worth $164,000 after buying an additional 5,889 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Thermon Group Holdings during the second quarter worth $165,000. Numeric Investors LLC bought a new position in Thermon Group Holdings during the second quarter worth $296,000. Finally, BlackRock Advisors LLC boosted its position in Thermon Group Holdings by 7.2% in the second quarter. BlackRock Advisors LLC now owns 16,070 shares of the company’s stock worth $309,000 after buying an additional 1,083 shares during the last quarter.
Thermon Group Holdings Company Profile