Runway Growth Finance (RWAY) Projected to Post Earnings on Thursday

Runway Growth Finance (NASDAQ:RWAY) is anticipated to release its earnings data after the market closes on Thursday, March 20th. Analysts expect Runway Growth Finance to post earnings of $0.41 per share and revenue of $36.10 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Runway Growth Finance Stock Performance

Shares of RWAY opened at $10.90 on Wednesday. The stock has a market capitalization of $407.08 million, a price-to-earnings ratio of 10.48 and a beta of 0.59. Runway Growth Finance has a 12 month low of $9.87 and a 12 month high of $13.50. The firm has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $10.76. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

RWAY has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their price target on Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Runway Growth Finance currently has an average rating of “Hold” and an average price target of $11.75.

Runway Growth Finance Company Profile

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.