Brokers Offer Predictions for Thryv Holdings, Inc.’s Q2 2024 Earnings (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 anticipates that the company will post earnings per share of $0.45 for the quarter, down from their prior estimate 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.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15). The business 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 company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS.

THRY has been the topic of a number of other research reports. TheStreet downgraded shares of Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Friday.

Thryv Price Performance

Thryv stock opened at $21.50 on Friday. The stock has a market capitalization of $770.17 million, a price-to-earnings ratio of -2.87 and a beta of 0.92. Thryv has a 52-week low of $15.99 and a 52-week high of $26.42. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average price is $22.05 and its two-hundred day moving average price is $20.28.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently made changes to their positions in THRY. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Thryv by 64.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,647 shares of the company’s stock valued at $176,000 after purchasing an additional 3,398 shares during the last quarter. MQS Management LLC bought a new position in shares of Thryv in the third quarter valued at approximately $204,000. Mackenzie Financial Corp purchased a new position in shares of Thryv during the fourth quarter valued at approximately $271,000. Dark Forest Capital Management LP bought a new stake in Thryv during the third quarter worth $278,000. Finally, Graham Capital Management L.P. purchased a new stake in Thryv in the 3rd quarter valued at $309,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Insider Transactions at Thryv

In other Thryv news, CEO Joe Walsh purchased 5,000 shares of Thryv stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $19.01 per share, with a total value of $95,050.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is owned by insiders.

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.