Thermon Group Holdings, Inc.
) reached a new 52-week high of $28.70 during its trading session
on Nov 26, up from its previous high of $28.25 reached on Nov 8,
DXP ENTERPRISES (DXPE): Free Stock Analysis
REXNORD CORP (RXN): Free Stock Analysis
THERMON GROUP (THR): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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Thermon Group closed the trading day on Nov 26 at $28.00,
reflecting a solid year-to-date return of 17.4%. The trading
volume for the session was 0.23 million shares. Further upside
potential exists for this Zacks Rank #3 (Hold) diversified
machinery maker, as can be deduced from its projected earnings
growth rate of 18.3% for the next five years and earnings
estimate revision for 2014.
Thermon Group shares have gained 6.8% since the company reported
financial results for the second quarter of the fiscal year 2014
(ended Sep 30, 2013). Adjusted earnings per share in the quarter
came in at 30 cents, up 15.4% year over year and above the Zacks
Consensus Estimate of 27 cents.
Revenues increased 7.3% year over year, driven by healthy
performance in the United States and Canada. Revenues in Europe
also stabilized in the quarter. Higher sales were partially
offset by increase in cost of sales. Gross margin in the quarter
expanded 50 basis points.
For fiscal 2014, management of Thermon Group anticipates revenue
to grow in the mid-single digit range.
Also, Thermon Group has an
of +2.50% for fiscal 2014 and a +2.17% for fiscal 2015.
Estimate Revisions Show Potency
Over the last 30 days, the Zacks Consensus Estimate for Thermon
Group has increased by 3.4% to $1.20 for 2013. Earnings estimate
for years 2013 and 2014 represent year-over-year growth of 31.9%
and 15.0%, respectively.
Thermon Group currently has a market capitalization of $885
million and carries a Zacks Rank #3 (Hold). Some better-ranked
stocks in the industry include
DXP Enterprises, Inc
). While Xylem holds a Zacks Rank #1 (Strong Buy), both DXP
Enterprises and Rexnord hold Zacks Rank #2 (Buy).