Revenue Update on Thermon Group Holdings Inc(NYSE:THR)

Thermon Group Holdings Inc(NYSE:THR) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $63.40M. Analysts estimated a revenue of $64.09M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.15.

Thermon Group Holdings Inc (THR) made into the market gainers list on Fridays trading session with the shares advancing 0.82% or 0.16 points. Due to strong positive momentum, the stock ended at $19.65, which is also near the day’s high of $19.72. The stock began the session at $19.39 and the volume stood at 1,41,472 shares. The 52-week high of the shares is $23.83 and the 52 week low is $13.97. The company has a current market capitalization of $634 M and it has 3,22,57,939 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 13, 2016, Jay Peterson (CFO) purchased 1,000 shares at $16.58 per share price.Also, 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.

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