CJS Securities initiated coverage on Thermon Group with a new price target
$THR
Industrial Machinery/Components
Energy
CJS Securities initiated coverage of Thermon Group with a rating of Market Outperform and set a new price target of $42.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $42.00 | Market Outperform | CJS Securities |
| 3/6/2024 | $36.00 | Buy | ROTH MKM |
| 8/9/2021 | $25.00 → $26.00 | Buy | Rosenblatt |
Correction to table “FISCAL 2025 OUTLOOK” AUSTIN, TX / ACCESSWIRE / November 8, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non
AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP)Adjusted EBITDA (non-GAAP) of $23.8 million, (14
AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the ca
4/A - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
8-K/A - Thermon Group Holdings, Inc. (0001489096) (Filer)
10-Q - Thermon Group Holdings, Inc. (0001489096) (Filer)
8-K - Thermon Group Holdings, Inc. (0001489096) (Filer)
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
AUSTIN, TX / ACCESSWIRE / December 7, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced the appointment of Mr. Victor L. Richey, retired Chairman and Chief Executive Officer of ESCO Technologies, Inc (NYSE:ESE) ("ESCO"), to Thermon's board of directors (the "Board"). Mr. Richey's addition is part of the Board's ongoing succession planning efforts.John U. Clarke, Thermon's Chairman of the Board said, "On behalf of our entire Board, we are delighted to welcome Vic to the Board. Vic brings a track record of proven success from his tenure as Chairman and CEO of ESCO, which under his leadership, significantly incre
AUSTIN, TX / ACCESSWIRE / November 8, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, is pleased to announce that John U. Clarke has been appointed non-executive chairman of the board of directors of the Company (the "Board"). He succeeds John Nesser pursuant to the Board's established succession plan. Mr. Nesser will continue to serve as a member of the Board to provide for a smooth transition of the Board's leadership."We want to thank John Nesser for his many contributions while serving as chairman. His leadership, insights and guidance have helped drive Thermon's evolution as a global leader in industri
4/A - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
3 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
Correction to table “FISCAL 2025 OUTLOOK” AUSTIN, TX / ACCESSWIRE / November 8, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non
AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP)Adjusted EBITDA (non-GAAP) of $23.8 million, (14
AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the ca
CJS Securities initiated coverage of Thermon Group with a rating of Market Outperform and set a new price target of $42.00
ROTH MKM initiated coverage of Thermon Group with a rating of Buy and set a new price target of $36.00
Rosenblatt reiterated coverage of Thermon Group Holdings with a rating of Buy and set a new price target of $26.00 from $25.00 previously
Thermon Group Holdings's (NYSE:THR) short percent of float has fallen 5.1% since its last report. The company recently reported that it has 267 thousand shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.42 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
Roth MKM analyst Chip Moore maintains Thermon Group Holdings (NYSE:THR) with a Buy and raises the price target from $36 to $38.
Thermon Group Holdings, Inc. (NYSE:THR) shares are trading lower after it reported a fourth-quarter FY24 revenue increase of 4% Y/Y to $127.7 million, beating the consensus of $126.66 million. Revenue was driven by sales growth across diversified end markets and decarbonization projects. Thermon delivered bookings of $117.0 million, with 73% of orders in diversified end markets and a book-to-bill ratio of 0.92x. The company achieved gross profit growth of 2% to $52.4 million, with a margin of 41.0%, a contraction of approximately 110 basis points Y/Y, in the quarter. Adjusted EBITDA fell 6% Y/Y to $23.6 million, owing to planned investment to support long-term strategy. Adjust