Runway Growth Finance (RWAY) Scheduled to Post Earnings on Tuesday

Runway Growth Finance (NASDAQ:RWAY) is scheduled to announce its 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Runway Growth Finance (NASDAQ:RWAY) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The firm had revenue of $34.19 million for the quarter, compared to the consensus estimate of $37.62 million. Runway Growth Finance had a net margin of 19.32% and a return on equity of 13.67%. During the same period last year, the company posted $0.49 earnings per share. 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 Performance

Shares of RWAY opened at $10.55 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $406.70 million, a PE ratio of 13.88 and a beta of 0.58. Runway Growth Finance has a 1 year low of $9.87 and a 1 year high of $13.74. The stock’s fifty day moving average price is $10.35 and its two-hundred day moving average price is $11.21.

Runway Growth Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 15.17%. The ex-dividend date is Monday, November 18th. Runway Growth Finance’s dividend payout ratio (DPR) is presently 210.53%.

Analyst Ratings Changes

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

Insider Buying and Selling at Runway Growth Finance

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

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.