Thermon Group (NYSE:THR) Updates FY 2026 Earnings Guidance

Thermon Group (NYSE:THR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.000-2.15 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of $506.0 million-$527.0 million, compared to the consensus revenue estimate of $506.4 million.

Wall Street Analyst Weigh In

THR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Thermon Group in a research note on Thursday, October 30th. Wall Street Zen upgraded Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Thermon Group Price Performance

Shares of Thermon Group stock opened at $34.18 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of 21.64 and a beta of 1.06. Thermon Group has a twelve month low of $23.05 and a twelve month high of $34.41. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $27.12 and a 200 day moving average price of $27.30.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. The company had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.Thermon Group’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Sell-side analysts predict that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after acquiring an additional 845 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after acquiring an additional 1,082 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Thermon Group during the second quarter worth approximately $31,000. BNP Paribas Financial Markets increased its position in shares of Thermon Group by 62.5% during the second quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock worth $91,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Thermon Group by 9.5% in the 2nd quarter. Tidal Investments LLC now owns 18,798 shares of the technology company’s stock valued at $528,000 after purchasing an additional 1,637 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Company Profile

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 offers 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.