Ryan Specialty (RYAN) Scheduled to Post Quarterly Earnings on Thursday

Ryan Specialty (NYSE:RYAN) is set to announce 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. Parties interested in participating in the company’s conference call can do so using this link.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $532.90 million during the quarter, compared to analyst estimates of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. 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 Trading Up 0.5 %

RYAN stock opened at $49.33 on Wednesday. Ryan Specialty has a 12 month low of $39.44 and a 12 month high of $56.51. The firm’s 50-day moving average is $52.21 and its 200 day moving average is $46.97. The company has a market capitalization of $12.84 billion, a PE ratio of 96.73 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 Announces Dividend

The business also recently announced a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is presently 86.28%.

Analysts Set New Price Targets

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