Ryan Specialty (NYSE:RYAN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02, Briefing.com reports. The business had revenue of $695.40 million for the quarter, compared to analyst estimates of $695.56 million. Ryan Specialty had a return on equity of 49.43% and a net margin of 10.21%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS.
Ryan Specialty Stock Performance
Shares of NYSE RYAN opened at $64.88 on Monday. Ryan Specialty has a 1 year low of $41.49 and a 1 year 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. The stock has a fifty day moving average price of $57.18 and a two-hundred day moving average price of $52.74. The firm has a market cap of $16.90 billion, a P/E ratio of 129.38, a PEG ratio of 1.62 and a beta of 0.62.
Ryan Specialty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be given a $0.11 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is 83.02%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis 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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