Ryan Specialty (NYSE:RYAN – Get Free Report) issued its earnings results on Thursday. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01, Briefing.com reports. The company had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $695.56 million. Ryan Specialty had a return on equity of 49.43% and a net margin of 10.21%. Ryan Specialty’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS.
Ryan Specialty Stock Up 9.7 %
Shares of NYSE RYAN traded up $6.06 during mid-day trading on Friday, hitting $68.57. 2,267,165 shares of the stock traded hands, compared to its average volume of 816,493. The stock has a fifty day moving average price of $57.18 and a 200-day moving average price of $52.61. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 129.38, a PEG ratio of 1.62 and a beta of 0.62. Ryan Specialty has a 52 week low of $41.49 and a 52 week high of $69.03. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.15 and a current ratio of 1.15.
Ryan Specialty Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. Ryan Specialty’s dividend payout ratio is presently 83.02%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on RYAN
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.
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