Ryan Specialty (RYAN) Set to Announce Earnings on Thursday

Ryan Specialty (NYSE:RYAN - Get Free Report) is scheduled to be issuing 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. Individual interested in listening to the company's earnings conference call can do so using this link.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced 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 firm had revenue of $532.90 million for the quarter, compared to the consensus estimate of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The company's revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. 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 RYAN stock traded down $0.96 on Thursday, hitting $49.82. 426,800 shares of the stock traded hands, compared to its average volume of 739,416. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 97.69 and a beta of 0.52. Ryan Specialty has a 52 week low of $39.44 and a 52 week high of $56.51. The firm has a 50 day simple moving average of $52.03 and a two-hundred day simple moving average of $46.96. 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 company also recently disclosed 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 was Tuesday, March 12th. Ryan Specialty's payout ratio is 86.28%.

Wall Street Analyst Weigh In

RYAN has been the subject of several research 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. 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. Keefe, Bruyette & Woods lifted their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a research note on Monday, April 15th. Finally, 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 note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.