Thermon Group Holdings Inc (NYSE: THR) has reported earnings for its first fiscal quarter (ending June 30) of $0.25 versus $0.33 for the same period a year ago — a decline of -24%. For the latest four quarters through June 30, E.P.S. were $1.46 versus $1.14 for the same period a year ago — an increase of 28%.
Recent Price Action
Thermon Group Holdings Inc (NYSE: THR) stock closed at $29.15 on 8/7/24 after a slight decline of -0.1%. Moreover, trading volume in this decline was unusually high at 156% of normal. The stock has performed in line with the market over the last nine months and has declined -10.1% during the last week.
Current PriceTarget Research Rating
THR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Thermon Group Holdings has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Thermon Group Holdings has a neutral Appreciation Score of 46 and a neutral Power Rating of 45, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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