Thermon Group Holdings Inc (THR) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Thermon Group Holdings Inc (THR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.15. The company posted revenue of $63.40 million in the period, compared to analysts expectations of $64.08 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Thermon Group Holdings Inc closed down -0.54 points or -2.68% at $19.6 with 1,18,045 shares getting traded on Tusday. Post opening the session at $20.01, the shares hit an intraday low of $19.51 and an intraday high of $20.02 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

Thermon Group Holdings Inc

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