Ryan Specialty (RYAN) to Release Quarterly Earnings on Thursday

Ryan Specialty (NYSE:RYAN) will 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. Investors interested in registering for 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The firm had revenue of $532.90 million for the quarter, compared to the consensus estimate of $524.08 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. 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 Price Performance

NYSE RYAN opened at $50.77 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50 day moving average price is $51.94 and its 200-day moving average price is $46.94. Ryan Specialty has a 52-week low of $39.44 and a 52-week high of $56.51. The company has a market cap of $13.21 billion, a PE ratio of 99.55 and a beta of 0.52.

Ryan Specialty Announces Dividend

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

Wall Street Analyst Weigh In

RYAN has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their target price on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a report on Monday, April 15th. One research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.25.

Ryan Specialty Company Profile

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.