Zacks: Brokerages Expect Ryan Specialty Group Holdings, Inc. (NYSE:RYAN) to Post $0.21 Earnings Per Share

Wall Street analysts forecast that Ryan Specialty Group Holdings, Inc. (NYSE:RYANGet Rating) will post earnings per share of $0.21 for the current quarter, Zacks reports. Two analysts have made estimates for Ryan Specialty Group’s earnings. The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.

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

Ryan Specialty Group (NYSE:RYANGet Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $382.98 million.

RYAN has been the topic of several research reports. Zacks Investment Research lowered Ryan Specialty Group from a “hold” rating to a “sell” rating in a research note on Thursday. Wells Fargo & Company lowered their price target on Ryan Specialty Group from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 16th. Finally, Royal Bank of Canada lifted their price objective on Ryan Specialty Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.67.

Shares of RYAN opened at $37.41 on Thursday. Ryan Specialty Group has a 12-month low of $25.57 and a 12-month high of $42.43. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day moving average price is $38.51 and its 200 day moving average price is $38.37.

Institutional investors have recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC increased its holdings in shares of Ryan Specialty Group by 1.4% during the first quarter. Stephens Investment Management Group LLC now owns 1,328,587 shares of the company’s stock worth $51,536,000 after purchasing an additional 18,720 shares during the period. Victory Capital Management Inc. raised its stake in Ryan Specialty Group by 14.3% during the first quarter. Victory Capital Management Inc. now owns 1,602,862 shares of the company’s stock worth $62,160,000 after buying an additional 200,536 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in Ryan Specialty Group in the first quarter valued at $394,000. Envestnet Asset Management Inc. increased its stake in Ryan Specialty Group by 14.3% in the first quarter. Envestnet Asset Management Inc. now owns 16,484 shares of the company’s stock valued at $639,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Oak Family Advisors LLC increased its position in shares of Ryan Specialty Group by 52.4% during the first quarter. Oak Family Advisors LLC now owns 78,982 shares of the company’s stock worth $3,064,000 after acquiring an additional 27,151 shares in the last quarter. 25.09% of the stock is currently owned by hedge funds and other institutional investors.

About Ryan Specialty Group (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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Earnings History and Estimates for Ryan Specialty Group (NYSE:RYAN)

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