Ryan Specialty (RYAN) to Release Quarterly Earnings on Thursday

Ryan Specialty (NYSE:RYAN) is scheduled to be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business had revenue of $532.90 million for the quarter, compared to analyst estimates of $524.08 million. During the same quarter last year, the firm earned $0.27 EPS. Ryan Specialty’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, analysts expect Ryan Specialty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ryan Specialty Stock Up 0.3 %

Ryan Specialty stock opened at $49.07 on Tuesday. The company’s 50 day simple moving average is $52.15 and its 200 day simple moving average is $46.95. Ryan Specialty has a fifty-two week low of $39.44 and a fifty-two week high of $56.51. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 96.22 and a beta of 0.52. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16.

Ryan Specialty Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s payout ratio is 86.28%.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup lifted their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.25.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.