Thryv (NASDAQ:THRY) Posts Earnings Results, Misses Expectations By $0.12 EPS

Thryv (NASDAQ:THRY) released its quarterly earnings results on Thursday. The company reported ($2.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.12), Briefing.com reports. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The firm had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same quarter last year, the firm earned ($0.78) earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Thryv updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Thryv Price Performance

Shares of THRY stock traded down $0.78 on Friday, reaching $14.36. The company had a trading volume of 571,503 shares, compared to its average volume of 236,462. The business’s 50-day moving average is $17.20 and its 200 day moving average is $18.69. The stock has a market capitalization of $521.27 million, a PE ratio of -1.89 and a beta of 0.85. Thryv has a one year low of $13.74 and a one year high of $26.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Analyst Ratings Changes

A number of brokerages recently issued reports on THRY. Robert W. Baird reduced their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday. Craig Hallum assumed coverage on Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a report on Friday.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.