Thermon Group (NYSE:THR – Get Rating) released its earnings results on Thursday. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41, Yahoo Finance reports. Thermon Group had a return on equity of 12.25% and a net margin of 8.24%. The business had revenue of $122.48 million for the quarter, compared to the consensus estimate of $114.89 million. During the same quarter last year, the business posted $0.31 earnings per share.
Thermon Group Stock Performance
Shares of Thermon Group stock opened at $22.54 on Friday. The business’s 50 day moving average price is $22.64 and its 200 day moving average price is $22.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.31. The company has a market cap of $755.09 million, a price-to-earnings ratio of 21.67 and a beta of 1.26. Thermon Group has a one year low of $13.26 and a one year high of $27.85.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Thermon Group in a research report on Thursday, May 18th. They set a “strong-buy” rating on the stock.
Institutional Investors Weigh In On Thermon Group
Thermon Group Company Profile
Thermon Group Holdings, Inc engages in the development, manufacture, and trade of engineered thermal solutions for process industries. It operates through the following geographical segments: United States & Latin America (US-LAM), Canada, Europe, Middle East & Africa (EMEA), and Asia Pacific (APAC).
- Get a free copy of the StockNews.com research report on Thermon Group (THR)
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