Thryv (NASDAQ:THRY – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12), Briefing.com reports. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $179.85 million during the quarter, compared to the consensus estimate of $179.24 million. During the same quarter last year, the business posted ($0.78) earnings per share. Thryv’s revenue was down 2.2% compared to the same quarter last year. Thryv updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.
Thryv Price Performance
Shares of THRY opened at $14.38 on Friday. The firm’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $18.60. The company has a quick ratio of 1.14, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv has a 1-year low of $13.74 and a 1-year high of $26.42.
Analyst Ratings Changes
A number of research firms have recently commented on THRY. Robert W. Baird cut their price objective on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Friday. Finally, Craig Hallum began coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company.
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.
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