Runway Growth Finance (RWAY) to Release Earnings on Tuesday

Runway Growth Finance (NASDAQ:RWAY) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Runway Growth Finance (NASDAQ:RWAY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). Runway Growth Finance had a return on equity of 13.67% and a net margin of 19.32%. The business had revenue of $34.19 million during the quarter, compared to analyst estimates of $37.62 million. During the same period in the previous year, the company posted $0.49 EPS. On average, analysts expect Runway Growth Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Runway Growth Finance Stock Down 0.2 %

Shares of RWAY opened at $9.97 on Tuesday. Runway Growth Finance has a 12 month low of $9.87 and a 12 month high of $13.74. The firm has a market cap of $384.31 million, a P/E ratio of 13.12 and a beta of 0.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average is $10.37 and its two-hundred day moving average is $11.27.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RWAY shares. Compass Point upgraded shares of Runway Growth Finance from a “neutral” rating to a “buy” rating and dropped their target price for the company from $12.75 to $11.25 in a research report on Thursday, August 15th. JPMorgan Chase & Co. cut their price objective on Runway Growth Finance from $12.50 to $11.50 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company reduced their target price on Runway Growth Finance from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Runway Growth Finance currently has a consensus rating of “Hold” and an average target price of $11.79.

Insider Transactions at Runway Growth Finance

In other news, CEO R David Spreng acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $10.17 per share, with a total value of $50,850.00. Following the completion of the acquisition, the chief executive officer now owns 69,532 shares of the company’s stock, valued at $707,140.44. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.46% of the company’s stock.

About Runway Growth Finance

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.