SunTrust Banks Comments on Thermon Group Holdings, Inc.’s Q2 2018 Earnings (NYSE:THR)

Thermon Group Holdings, Inc. (NYSE:THR) – Investment analysts at SunTrust Banks raised their Q2 2018 earnings per share (EPS) estimates for shares of Thermon Group Holdings in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst C. Brady now anticipates that the technology company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.08. SunTrust Banks also issued estimates for Thermon Group Holdings’ Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.15 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.20 EPS and Q4 2019 earnings at $0.20 EPS.

THR has been the topic of a number of other research reports. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. BidaskClub raised Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Wolfe Research began coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.50.

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Shares of Thermon Group Holdings (NYSE THR) traded up 0.144% during midday trading on Monday, hitting $17.435. The stock had a trading volume of 62,614 shares. The stock has a 50 day moving average price of $18.57 and a 200-day moving average price of $19.68. The stock has a market capitalization of $564.37 million, a price-to-earnings ratio of 46.003 and a beta of 0.98. Thermon Group Holdings has a 52 week low of $16.50 and a 52 week high of $21.48.

Thermon Group Holdings (NYSE:THR) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share.

A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Thermon Group Holdings during the first quarter valued at approximately $109,000. Victory Capital Management Inc. increased its stake in shares of Thermon Group Holdings by 32.5% in the first quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Thermon Group Holdings by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Thermon Group Holdings during the first quarter valued at approximately $215,000. Finally, Wrapmanager Inc. acquired a new stake in shares of Thermon Group Holdings during the first quarter valued at approximately $223,000.

Thermon Group Holdings Company Profile

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

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