Thryv (NASDAQ:THRY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($2.65) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $179.24 million. During the same period last year, the company posted ($0.78) EPS. The business's revenue 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 Stock Performance
Shares of Thryv stock traded down $0.76 on Friday, reaching $14.38. 940,077 shares of the company traded hands, compared to its average volume of 238,161. Thryv has a 52 week low of $13.74 and a 52 week high of $26.42. The company has a 50 day moving average of $17.12 and a 200 day moving average of $18.64. The firm has a market capitalization of $521.99 million, a PE ratio of -1.84 and a beta of 0.85. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on THRY shares. Robert W. Baird dropped their price objective on shares of Thryv from $25.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday. Craig Hallum assumed coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $28.00 target price on shares of Thryv in a report on Friday.
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Thryv Company Profile
(
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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.
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