Thermon Group (NYSE:THR) Announces Earnings Results

Thermon Group (NYSE:THR) announced its earnings results on Thursday. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02, Zacks reports. Thermon Group had a return on equity of 11.77% and a net margin of 9.48%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Trading Up 3.9 %

Shares of NYSE THR opened at $27.56 on Friday. The stock has a market capitalization of $928.46 million, a P/E ratio of 20.26 and a beta of 1.10. The stock’s 50 day moving average price is $29.48 and its two-hundred day moving average price is $29.49. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. Thermon Group has a 52-week low of $25.76 and a 52-week high of $35.93.

Insider Activity

In related news, SVP David Buntin sold 28,137 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the sale, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Friday.

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 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.