Thermon Group Holdings Inc. (NYSE:THR) – Stock analysts at Jefferies Group reduced their Q3 2017 EPS estimates for Thermon Group Holdings in a research note issued on Wednesday. Jefferies Group analyst B. Bohra now forecasts that the firm will earn $0.27 per share for the quarter, down from their prior forecast of $0.28. Jefferies Group also issued estimates for Thermon Group Holdings’ Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.70 EPS and Q1 2018 earnings at $0.13 EPS.
Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by $0.07. The firm earned $63.40 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets set a $19.00 price objective on Thermon Group Holdings and gave the company a “hold” rating in a report on Wednesday, September 14th. Finally, SunTrust Banks Inc. decreased their price objective on Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Thermon Group Holdings currently has an average rating of “Hold” and a consensus price target of $19.75.
Thermon Group Holdings (NYSE:THR) traded down 2.03% during trading on Friday, reaching $19.27. The company’s stock had a trading volume of 86,979 shares. The stock has a market cap of $621.59 million, a P/E ratio of 29.65 and a beta of 1.09. Thermon Group Holdings has a 52-week low of $13.97 and a 52-week high of $22.44. The firm’s 50-day moving average is $18.96 and its 200-day moving average is $19.24.
A number of institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock worth $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. boosted its position in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock worth $164,000 after buying an additional 5,889 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Thermon Group Holdings during the second quarter worth approximately $165,000. Numeric Investors LLC acquired a new position in Thermon Group Holdings during the second quarter worth approximately $296,000. Finally, BlackRock Advisors LLC boosted its position in Thermon Group Holdings by 7.2% in the second quarter. BlackRock Advisors LLC now owns 16,070 shares of the company’s stock worth $309,000 after buying an additional 1,083 shares during the last quarter.
Thermon Group Holdings Company Profile
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