Ryan Specialty (NYSE:RYAN – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35, Briefing.com reports. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The business had revenue of $552.00 million during the quarter, compared to the consensus estimate of $549.06 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis.
Ryan Specialty Stock Down 2.7 %
NYSE RYAN traded down $1.45 during trading on Friday, reaching $51.50. The company’s stock had a trading volume of 2,143,221 shares, compared to its average volume of 804,185. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $13.40 billion, a PE ratio of 97.17 and a beta of 0.58. Ryan Specialty has a 1-year low of $39.44 and a 1-year high of $56.51. The business has a 50-day moving average price of $52.56 and a 200-day moving average price of $47.07.
Ryan Specialty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, May 13th. Ryan Specialty’s payout ratio is presently 83.02%.
Wall Street Analysts Forecast Growth
View Our Latest 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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