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

Thryv (NASDAQ:THRY) issued its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15), Briefing.com reports. The company 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 for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS.

Thryv Stock Down 11.1 %

Shares of THRY traded down $2.68 during mid-day trading on Friday, reaching $21.50. The company’s stock had a trading volume of 589,667 shares, compared to its average volume of 148,963. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01. Thryv has a 12-month low of $15.99 and a 12-month high of $26.42. The stock has a market cap of $770.17 million, a PE ratio of -2.87 and a beta of 0.92. The company’s 50 day moving average is $22.05 and its 200 day moving average is $20.28.

Insider Buying and Selling

In related news, CEO Joe Walsh bought 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $19.01 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.