Thermon Group (THR) Receives News Sentiment Rating of 0.28

Media coverage about Thermon Group (NYSE:THR) has trended positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog 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 daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.8994644818449 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of research firms have recently issued reports on THR. Zacks Investment Research cut shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. TheStreet raised shares of Thermon Group from a “c” rating to a “b-” rating in a research report on Monday, October 23rd. BMO Capital Markets raised their price target on shares of Thermon Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 24th. William Blair raised shares of Thermon Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 29th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Thermon Group in a research report on Tuesday, October 24th. Two equities 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 stock has a consensus rating of “Hold” and an average price target of $25.75.

Thermon Group (NYSE THR) traded down $0.09 during trading hours on Friday, reaching $22.26. 225,042 shares of the company were exchanged, compared to its average volume of 105,408. Thermon Group has a 1-year low of $15.74 and a 1-year high of $26.50. The company has a market capitalization of $722.65, a price-to-earnings ratio of 79.50 and a beta of 0.96. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Thermon Group had a net margin of 3.33% and a return on equity of 5.22%. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $80.42 million. During the same period last year, the firm earned $0.16 earnings per share. Thermon Group’s revenue for the quarter was up 44.2% compared to the same quarter last year. analysts anticipate that Thermon Group will post 0.62 EPS for the current fiscal year.

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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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