Zacks: Brokerages Anticipate Thermon Group Holdings (THR) Will Announce Quarterly Sales of $97.08 Million

Equities research analysts expect that Thermon Group Holdings (NYSE:THR) will announce sales of $97.08 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Thermon Group’s earnings, with estimates ranging from $95.97 million to $98.20 million. Thermon Group reported sales of $67.58 million during the same quarter last year, which suggests a positive year-over-year growth rate of 43.7%. The company is expected to issue its next earnings results on Wednesday, May 23rd.

According to Zacks, analysts expect that Thermon Group will report full-year sales of $303.10 million for the current fiscal year, with estimates ranging from $301.99 million to $304.20 million. For the next year, analysts forecast that the firm will report sales of $375.39 million per share, with estimates ranging from $374.47 million to $376.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Thermon Group.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. BMO Capital Markets lifted their price target on shares of Thermon Group to $31.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Johnson Rice raised shares of Thermon Group from a “hold” rating to an “accumulate” rating and set a $29.00 price target for the company in a research note on Thursday, April 26th. Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, February 14th. Finally, TheStreet downgraded shares of Thermon Group from a “b-” rating to a “c” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.20.



Shares of Thermon Group traded up $0.21, hitting $24.35, on Friday, Marketbeat Ratings reports. 3,099 shares of the company traded hands, compared to its average volume of 103,711. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.04 and a current ratio of 4.27. Thermon Group has a 52 week low of $15.74 and a 52 week high of $26.50. The company has a market capitalization of $783.69 million, a PE ratio of 56.45 and a beta of 0.92.

A number of large investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Thermon Group by 225.5% in the first quarter. Barclays PLC now owns 31,286 shares of the technology company’s stock worth $701,000 after buying an additional 21,673 shares in the last quarter. Carillon Tower Advisers Inc. raised its stake in Thermon Group by 4.4% in the first quarter. Carillon Tower Advisers Inc. now owns 1,591,313 shares of the technology company’s stock worth $34,961,000 after buying an additional 66,355 shares in the last quarter. Citadel Advisors LLC raised its stake in Thermon Group by 20.1% in the first quarter. Citadel Advisors LLC now owns 88,350 shares of the technology company’s stock worth $1,980,000 after buying an additional 14,763 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Thermon Group by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,688,512 shares of the technology company’s stock worth $37,840,000 after buying an additional 10,011 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Thermon Group by 21.0% in the first quarter. California Public Employees Retirement System now owns 55,655 shares of the technology company’s stock worth $1,247,000 after buying an additional 9,655 shares in the last quarter.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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Earnings History and Estimates for Thermon Group (NYSE:THR)

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