Wall Street brokerages expect Thermon Group Holdings Inc (NYSE:THR) to post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Thermon Group’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.11. Thermon Group reported earnings of $0.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next quarterly earnings results on Monday, October 22nd.

On average, analysts expect that Thermon Group will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.89 to $1.22. For the next year, analysts expect that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.04 to $1.34. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Thermon Group.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Thermon Group had a net margin of 4.19% and a return on equity of 9.56%. The firm had revenue of $88.90 million for the quarter, compared to the consensus estimate of $78.65 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 71.8% on a year-over-year basis.

Several equities research analysts recently issued reports on THR shares. Zacks Investment Research raised shares of Thermon Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Johnson Rice raised shares of Thermon Group from a “hold” rating to an “accumulate” rating and set a $29.00 price target on the stock in a research note on Thursday, April 26th. SunTrust Banks reaffirmed a “hold” rating and set a $26.00 price target on shares of Thermon Group in a research note on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of Thermon Group from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Thermon Group has an average rating of “Hold” and a consensus target price of $27.80.

A number of hedge funds have recently made changes to their positions in THR. Raymond James & Associates grew its holdings in Thermon Group by 10.4% during the 4th quarter. Raymond James & Associates now owns 26,958 shares of the technology company’s stock worth $638,000 after acquiring an additional 2,542 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Thermon Group by 41.0% in the 4th quarter. Teachers Advisors LLC now owns 89,022 shares of the technology company’s stock valued at $2,107,000 after buying an additional 25,869 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Thermon Group by 134.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 208,027 shares of the technology company’s stock valued at $4,924,000 after buying an additional 119,194 shares during the period. Millennium Management LLC acquired a new position in shares of Thermon Group in the 4th quarter valued at about $1,307,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Thermon Group in the 4th quarter valued at about $375,000.

Thermon Group opened at $26.06 on Friday, MarketBeat Ratings reports. Thermon Group has a 12-month low of $15.74 and a 12-month high of $27.66. The firm has a market cap of $837.80 million, a P/E ratio of 26.32 and a beta of 1.04. The company has a current ratio of 3.53, a quick ratio of 2.51 and a debt-to-equity ratio of 0.63.

About Thermon Group

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.

Featured Article: What is the Book Value of a Share?

Get a free copy of the Zacks research report on Thermon Group (THR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.