Thermon Group Holdings Inc (THR) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.19. The company posted revenue of $72.30 million in the period, compared to analysts expectations of $65.26 million. The company’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Thermon Group Holdings Inc opened for trading at $18.41 and hit $18.73 on the upside on Friday, eventually ending the session at $18.55, with a gain of 1.37% or 0.25 points. The heightened volatility saw the trading volume jump to 1,39,041 shares. Company has a market cap of $598 M.
In a different news, on Jan 13, 2016, Jay Peterson (CFO) purchased 1,000 shares at $16.58 per share price. According to the SEC, on Sep 8, 2015, Charles A Sorrentino (director) sold 2,000 shares at $22.56 per share price. On Jun 5, 2015, Der Salm Johannes Rene Van (SVP – Operations) sold 9,000 shares at $24.58 per share price, according to the Form-4 filing with the securities and exchange commission.
Thermon Group Holdings Inc. is a provider of engineered thermal solutions for process industries. The Company is a thermal solutions provider which offers a range of products such as heating cables tubing bundles and control systems and services such as design optimization engineering and installation and maintenance services. The Company’s thermal solutions also referred to as heat tracing provide an external heat source to pipes vessels and instruments for the purposes of freeze protection temperature and flow maintenance environmental monitoring and surface snow and ice melting. The Company also offers temporary electrical power distribution products including power distribution panels master or slave sub-panels power cords and lighting fixtures through its Sumac product line. Its products include a range of electric heat tracing cables steam tracing components tubing bundles and instrument and control products as well as various complementary product lines.