News stories about Thermon Group (NYSE:THR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Thermon Group earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.940911096826 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Thermon Group (NYSE THR) opened at $24.45 on Monday. Thermon Group has a 12-month low of $15.74 and a 12-month high of $26.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95. The stock has a market capitalization of $793.16, a price-to-earnings ratio of 58.21 and a beta of 1.05.
Thermon Group (NYSE:THR) last posted its quarterly earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The business had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was down 10.4% on a year-over-year basis. research analysts anticipate that Thermon Group will post 0.49 earnings per share for the current fiscal year.
A number of research analysts have commented on THR shares. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, October 25th. Jefferies Group reiterated a “buy” rating and issued a $25.00 price objective (up from $21.00) on shares of Thermon Group in a research report on Friday, October 6th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 price objective on shares of Thermon Group in a research report on Tuesday, October 24th. Finally, William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.25.
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Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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