Thermon Group (NYSE:THR – Get Rating) posted its quarterly earnings results on Thursday. The technology company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41, Yahoo Finance reports. Thermon Group had a net margin of 8.24% and a return on equity of 12.25%. The business had revenue of $122.48 million for the quarter, compared to the consensus estimate of $114.89 million. During the same period in the prior year, the business posted $0.31 earnings per share.
Thermon Group Stock Up 2.0 %
NYSE THR traded up $0.45 during trading on Friday, reaching $22.99. The company’s stock had a trading volume of 6,368 shares, compared to its average volume of 183,500. The company has a current ratio of 2.31, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $770.17 million, a PE ratio of 21.67 and a beta of 1.26. The business has a 50-day moving average price of $22.64 and a 200-day moving average price of $22.47. Thermon Group has a 1-year low of $13.26 and a 1-year high of $27.85.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Thermon Group in a report on Thursday, May 18th. They set a “strong-buy” rating for the company.
Institutional Trading of Thermon Group
About Thermon Group
Thermon Group Holdings, Inc engages in the development, manufacture, and trade of engineered thermal solutions for process industries. It operates through the following geographical segments: United States & Latin America (US-LAM), Canada, Europe, Middle East & Africa (EMEA), and Asia Pacific (APAC).
- Get a free copy of the StockNews.com research report on Thermon Group (THR)
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