Ryan Specialty (NYSE:RYAN) Releases Quarterly Earnings Results, Meets Estimates

Ryan Specialty (NYSE:RYAN) posted its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35, Briefing.com reports. Ryan Specialty had a return on equity of 46.11% and a net margin of 9.15%. The company had revenue of $552.00 million for the quarter, compared to analysts’ expectations of $549.06 million. During the same period last year, the firm earned $0.26 earnings per share. Ryan Specialty’s quarterly revenue was up 20.6% on a year-over-year basis.

Ryan Specialty Trading Down 2.7 %

Shares of RYAN stock opened at $51.50 on Friday. The firm has a market capitalization of $13.40 billion, a PE ratio of 97.17 and a beta of 0.58. 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 stock has a fifty day simple moving average of $52.56 and a two-hundred day simple moving average of $47.07. Ryan Specialty has a 52-week low of $39.44 and a 52-week high of $56.51.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a $0.11 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company boosted their target price on shares of 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 price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods raised their price objective on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.