Thermon Group (NYSE:THR) Updates FY25 Earnings Guidance

Thermon Group (NYSE:THR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.90-2.06 for the period, compared to the consensus earnings per share estimate of $1.98. The company issued revenue guidance of $527-553 million, compared to the consensus revenue estimate of $540.81 million.

Thermon Group Stock Up 7.1 %

Shares of NYSE:THR traded up $2.08 during midday trading on Wednesday, reaching $31.26. The company had a trading volume of 30,064 shares, compared to its average volume of 220,151. The company has a quick ratio of 1.72, a current ratio of 2.51 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $30.96 and its 200 day moving average price is $30.82. The stock has a market cap of $1.06 billion, a PE ratio of 21.16 and a beta of 1.08. Thermon Group has a 1-year low of $23.76 and a 1-year high of $35.93.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Thermon Group had a return on equity of 13.64% and a net margin of 10.43%. The business had revenue of $127.65 million during the quarter, compared to analysts’ expectations of $127.19 million. Research analysts forecast that Thermon Group will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on THR shares. Roth Mkm boosted their price objective on Thermon Group from $36.00 to $38.00 and gave the stock a buy rating in a report on Thursday, May 30th. StockNews.com upgraded Thermon Group from a hold rating to a buy rating in a report on Saturday, May 4th. Finally, CJS Securities began coverage on Thermon Group in a report on Monday, April 29th. They set an outperform rating and a $42.00 price objective for the company.

Insider Buying and Selling at Thermon Group

In other Thermon Group news, Director John T. Nesser III sold 6,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $33.60, for a total value of $201,600.00. Following the sale, the director now owns 57,315 shares of the company’s stock, valued at approximately $1,925,784. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Thermon Group news, Director John T. Nesser III sold 6,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $33.60, for a total value of $201,600.00. Following the sale, the director now owns 57,315 shares of the company’s stock, valued at approximately $1,925,784. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin J. Mcginty sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $32.84, for a total value of $164,200.00. Following the completion of the sale, the director now directly owns 38,109 shares in the company, valued at approximately $1,251,499.56. The disclosure for this sale can be found here. Insiders sold a total of 13,910 shares of company stock worth $462,849 over the last three months. Corporate insiders own 2.40% of the company’s stock.

About Thermon Group

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 provides 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.