Ryan Specialty Holdings Inc RYAN.N reported quarterly adjusted earnings of 66 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 61 cents to 69 cents per share.
Revenue rose 23% to $855.17 million from a year ago; analysts expected $832.93 million.
Ryan Specialty Holdings Inc's reported EPS for the quarter was 38 cents.
The company reported quarterly net income of $51.98 million.
Ryan Specialty Holdings Inc shares had fallen by 11.5% this quarter and lost 6.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.
In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"
Wall Street's median 12-month price target for Ryan Specialty Holdings Inc is $79.00, about 22.5% above its last closing price of $61.19
This summary was machine generated from LSEG data July 31 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)