Thryv Holdings, Inc. (NASDAQ:THRY) Expected to Earn Q2 2024 Earnings of $0.45 Per Share

Thryv Holdings, Inc. (NASDAQ:THRY) – William Blair cut their Q2 2024 EPS estimates for shares of Thryv in a report released on Tuesday, April 30th. William Blair analyst A. Bhatia now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their previous forecast of $0.50. The consensus estimate for Thryv’s current full-year earnings is $0.79 per share. William Blair also issued estimates for Thryv’s Q3 2024 earnings at ($0.24) EPS, Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.11 EPS and FY2025 earnings at $1.29 EPS.

A number of other brokerages have also commented on THRY. TheStreet lowered shares of Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Thryv in a research report on Friday.

Thryv Stock Performance

Shares of NASDAQ:THRY opened at $21.50 on Friday. The business has a fifty day moving average of $22.05 and a 200-day moving average of $20.28. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. Thryv has a twelve month low of $15.99 and a twelve month high of $26.42. The firm has a market cap of $770.17 million, a PE ratio of -2.87 and a beta of 0.92.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). The firm had revenue of $233.62 million for the quarter, compared to analyst estimates of $226.66 million. Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS.

Institutional Investors Weigh In On Thryv

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Thryv by 64.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock valued at $176,000 after acquiring an additional 3,398 shares during the last quarter. MQS Management LLC bought a new position in shares of Thryv in the 3rd quarter worth $204,000. Mackenzie Financial Corp acquired a new stake in shares of Thryv during the fourth quarter worth $271,000. Dark Forest Capital Management LP bought a new stake in Thryv in the third quarter valued at about $278,000. Finally, Louisiana State Employees Retirement System acquired a new position in Thryv in the fourth quarter valued at about $315,000. 96.38% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Joe Walsh purchased 5,000 shares of the business’s 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 completion of the purchase, the chief executive officer now directly owns 501,172 shares of the company’s stock, valued at approximately $9,527,279.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.