Thermon Group (NYSE:THR) posted its quarterly earnings data on Thursday. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05, Bloomberg Earnings reports. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $80.42 million. Thermon Group had a return on equity of 5.22% and a net margin of 3.33%. The business’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share.
Shares of Thermon Group (NYSE THR) opened at $22.26 on Friday. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15. Thermon Group has a 52 week low of $15.74 and a 52 week high of $26.50. The stock has a market capitalization of $725.58, a PE ratio of 79.50 and a beta of 0.96.
A number of large investors have recently modified their holdings of the business. M&T Bank Corp boosted its stake in Thermon Group by 0.8% in the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after buying an additional 99 shares during the last quarter. Legal & General Group Plc boosted its stake in Thermon Group by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after buying an additional 320 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Thermon Group by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,052 shares of the technology company’s stock worth $499,000 after buying an additional 566 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Thermon Group by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,236 shares of the technology company’s stock worth $2,746,000 after buying an additional 1,419 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Thermon Group by 9.8% in the 2nd quarter. Voya Investment Management LLC now owns 18,948 shares of the technology company’s stock worth $363,000 after buying an additional 1,692 shares during the last quarter.
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About Thermon Group
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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