Ryan Specialty (NYSE:RYAN – Get Free Report) posted its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Briefing.com reports. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The company had revenue of $552.00 million during the quarter, compared to analysts’ expectations of $549.06 million. During the same quarter last year, the company posted $0.26 EPS. Ryan Specialty’s quarterly revenue was up 20.6% compared to the same quarter last year.
Ryan Specialty Stock Down 2.7 %
RYAN stock traded down $1.45 during trading on Friday, reaching $51.50. 2,143,221 shares of the stock were exchanged, compared to its average volume of 804,185. The firm’s 50 day moving average is $52.56 and its 200 day moving average is $47.07. The firm has a market cap of $13.40 billion, a P/E ratio of 97.17 and a beta of 0.58. 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 has a twelve month low of $39.44 and a twelve month high of $56.51.
Ryan Specialty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, May 13th. Ryan Specialty’s payout ratio is 83.02%.
Analysts Set New Price Targets
Check Out Our Latest Report on RYAN
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.
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