Thryv (NASDAQ:THRY) Releases Earnings Results, Misses Estimates By $0.15 EPS

Thryv (NASDAQ:THRY) announced its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15), Briefing.com reports. The firm had revenue of $233.62 million for the quarter, compared to analysts’ expectations of $226.66 million. Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. Thryv’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share.

Thryv Stock Down 11.1 %

Thryv stock traded down $2.68 during mid-day trading on Friday, hitting $21.50. 589,667 shares of the company’s stock were exchanged, compared to its average volume of 148,963. Thryv has a 1-year low of $15.99 and a 1-year high of $26.42. The stock has a 50 day moving average of $22.05 and a two-hundred day moving average of $20.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a market cap of $770.17 million, a P/E ratio of -2.87 and a beta of 0.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a report on Friday.

Insiders Place Their Bets

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $19.01 per share, with a total value of $95,050.00. Following the acquisition, the chief executive officer now owns 501,172 shares in the company, valued at approximately $9,527,279.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.80% of the company’s stock.

Thryv Company Profile

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.