Thermon Group Holdings Inc. (NYSE:THR) – Equities research analysts at Jefferies Group dropped their Q2 2017 earnings per share (EPS) estimates for shares of Thermon Group Holdings in a research note issued on Wednesday. Jefferies Group analyst B. Bohra now expects that the firm will post earnings of $0.16 per share for the quarter, down from their prior estimate 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.

THR has been the topic of a number of other reports. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, October 6th. BMO Capital Markets set a $19.00 target price on Thermon Group Holdings and gave the stock a “hold” rating in a report on Wednesday, September 14th. Finally, SunTrust Banks Inc. reduced their target price on Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.75.

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

Shares of Thermon Group Holdings (NYSE:THR) opened at 19.75 on Monday. The stock has a market capitalization of $637.08 million, a PE ratio of 30.38 and a beta of 1.09. The company’s 50-day moving average price is $18.96 and its 200 day moving average price is $19.28. Thermon Group Holdings has a one year low of $13.97 and a one year high of $22.42.

Thermon Group Holdings (NYSE:THR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.07. The company had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $64.09 million. Thermon Group Holdings had a net margin of 7.54% and a return on equity of 8.78%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share.

Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Thermon Group Holdings by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,460 shares of the company’s stock valued at $393,000 after buying an additional 127 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Thermon Group Holdings by 1.7% in the second quarter. Nationwide Fund Advisors now owns 24,358 shares of the company’s stock valued at $468,000 after buying an additional 398 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the last quarter. Swiss National Bank boosted its stake in shares of Thermon Group Holdings by 1.9% in the second quarter. Swiss National Bank now owns 53,400 shares of the company’s stock valued at $1,026,000 after buying an additional 1,000 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of Thermon Group Holdings by 7.2% in the second quarter. BlackRock Advisors LLC now owns 16,070 shares of the company’s stock valued at $309,000 after buying an additional 1,083 shares during the last quarter.

About Thermon Group Holdings

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