Thryv (THRY) to Release Quarterly Earnings on Thursday

Thryv (NASDAQ:THRY) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Thryv has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.09). Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The business had revenue of $236.16 million during the quarter, compared to analysts’ expectations of $231.77 million. During the same period in the prior year, the firm posted $1.51 EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, analysts expect Thryv to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Thryv Stock Up 2.4 %

Shares of Thryv stock opened at $23.40 on Tuesday. Thryv has a 1 year low of $15.99 and a 1 year high of $26.01. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.83. The stock has a fifty day moving average price of $21.87 and a 200-day moving average price of $20.19.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on THRY shares. TheStreet downgraded shares of Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Thryv in a research report on Thursday, January 18th.

Insider Buying and Selling at Thryv

In other news, CEO Joe Walsh purchased 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the purchase, the chief executive officer now owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.80% 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.