Thryv Holdings, Inc. to Post Q2 2024 Earnings of $0.45 Per Share, William Blair Forecasts (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY) – Stock analysts at William Blair decreased their Q2 2024 earnings per share (EPS) estimates for shares of Thryv in a note issued to investors on Tuesday, April 30th. William Blair analyst A. Bhatia now forecasts that the company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.50. The consensus estimate for Thryv’s current full-year earnings is $0.55 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.

THRY has been the subject of a number of other reports. 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 set a $28.00 price objective on shares of Thryv in a research report on Friday.

Thryv Price Performance

Shares of NASDAQ:THRY opened at $21.50 on Friday. The company has a market cap of $770.17 million, a PE ratio of -2.86 and a beta of 0.92. Thryv has a fifty-two week low of $15.99 and a fifty-two week high of $26.42. The firm has a 50-day simple moving average of $22.08 and a 200 day simple moving average of $20.30. The company has a quick ratio of 1.01, a current ratio of 1.15 and a debt-to-equity ratio of 1.77.

Thryv (NASDAQ:THRY) last released its earnings results 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). Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The business had revenue of $233.62 million for the quarter, compared to the consensus estimate of $226.66 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh purchased 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the completion of the purchase, the chief executive officer now owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 in the last quarter. MQS Management LLC acquired a new position in shares of Thryv during the 3rd quarter valued at $204,000. Mackenzie Financial Corp bought a new stake in shares of Thryv in the 4th quarter worth $271,000. Dark Forest Capital Management LP acquired a new stake in shares of Thryv in the third quarter valued at $278,000. Finally, Louisiana State Employees Retirement System bought a new position in Thryv during the fourth quarter valued at about $315,000. Institutional investors own 96.38% of the company’s stock.

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.