Analysts Anticipate Ryan Specialty Group Holdings, Inc. (NYSE:RYAN) to Announce $0.21 EPS

Wall Street analysts expect that Ryan Specialty Group Holdings, Inc. (NYSE:RYAN – Get Rating) will announce earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ryan Specialty Group’s earnings. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Ryan Specialty Group will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.21. For the next financial year, analysts expect that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.39 to $1.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ryan Specialty Group.

Ryan Specialty Group (NYSE:RYAN – Get Rating) last posted its quarterly earnings data on Tuesday, March 15th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Ryan Specialty Group had a return on equity of 75.61% and a net margin of 3.78%. The firm had revenue of $378.54 million during the quarter, compared to the consensus estimate of $382.98 million.

RYAN has been the subject of several analyst reports. Zacks Investment Research upgraded Ryan Specialty Group from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada upped their target price on Ryan Specialty Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 16th. Finally, Wells Fargo & Company dropped their target price on Ryan Specialty Group from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, March 16th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $37.67.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ghisallo Capital Management LLC purchased a new position in shares of Ryan Specialty Group during the 3rd quarter worth $8,468,000. Islet Management LP purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $2,967,000. TownSquare Capital LLC purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $8,757,000. Jennison Associates LLC purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $24,776,000. Finally, First Trust Advisors LP boosted its holdings in Ryan Specialty Group by 102.7% during the 4th quarter. First Trust Advisors LP now owns 188,510 shares of the company’s stock valued at $7,606,000 after acquiring an additional 95,529 shares during the period. Institutional investors and hedge funds own 25.09% of the company’s stock.

NYSE RYAN traded down $0.40 during mid-day trading on Thursday, hitting $34.08. The stock had a trading volume of 1,071,552 shares, compared to its average volume of 485,477. The firm’s 50 day moving average is $38.22 and its 200 day moving average is $38.34. Ryan Specialty Group has a twelve month low of $25.57 and a twelve month high of $42.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.63.

Ryan Specialty Group Company Profile (Get Rating)

Ryan Specialty Group Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. 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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