Thermon Group (NYSE:THR) Announces Earnings Results, Beats Estimates By $0.02 EPS

Thermon Group (NYSE:THR) released its quarterly earnings results on Thursday. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02, Zacks reports. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. Thermon Group updated its FY 2025 guidance to 1.770-1.890 EPS.

Thermon Group Stock Performance

NYSE:THR traded up $0.27 during mid-day trading on Friday, hitting $26.79. 87,432 shares of the stock were exchanged, compared to its average volume of 137,181. The firm’s 50-day simple moving average is $29.48 and its 200 day simple moving average is $29.49. The stock has a market capitalization of $902.62 million, a price-to-earnings ratio of 20.89 and a beta of 1.10. Thermon Group has a fifty-two week low of $25.76 and a fifty-two week high of $35.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80.

Insider Buying and Selling at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. The trade was a 32.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Thermon Group Company Profile

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.