Thermon Group (NYSE:THR) Updates FY 2026 Earnings Guidance

Thermon Group (NYSE:THR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.990 for the period, compared to the consensus earnings per share estimate of 2.020. The company issued revenue guidance of $495.0 million-$535.0 million, compared to the consensus revenue estimate of $536.9 million.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $28.84 on Friday. Thermon Group has a 1-year low of $23.05 and a 1-year high of $35.93. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $28.78. The company has a market cap of $971.62 million, a P/E ratio of 21.21 and a beta of 1.07.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The business had revenue of $134.08 million during the quarter, compared to the consensus estimate of $133.65 million. During the same quarter last year, the firm posted $0.34 EPS. Thermon Group’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Thermon Group will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Institutional Trading of Thermon Group

A number of hedge funds have recently made changes to their positions in THR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after buying an additional 845 shares during the last quarter. Jane Street Group LLC boosted its holdings in Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after acquiring an additional 7,798 shares in the last quarter. AQR Capital Management LLC raised its stake in Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after buying an additional 16,177 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 1,082 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

About Thermon Group

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.