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

Ryan Specialty (NYSE:RYAN) will issue its quarterly earnings data 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 are interested in participating in the company’s conference call can do so using this link.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $532.90 million during the quarter, compared to analysts’ expectations of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. Ryan Specialty’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company 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 Price Performance

Shares of NYSE:RYAN opened at $49.33 on Wednesday. The company has a 50 day moving average of $52.21 and a 200 day moving average of $46.97. The stock has a market cap of $12.84 billion, a P/E ratio of 96.73 and a beta of 0.52. Ryan Specialty has a 12 month low of $39.44 and a 12 month high of $56.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98.

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 dividend payout ratio is currently 86.28%.

Analyst Ratings Changes

Several equities analysts recently commented on RYAN shares. JPMorgan Chase & Co. boosted their price objective 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. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their price objective 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. Citigroup boosted their price target on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One equities research 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.com, the stock presently has an average rating of “Hold” and a consensus target price 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.