Runway Growth Finance (RWAY) Expected to Announce Earnings on Thursday

Runway Growth Finance (NASDAQ:RWAY) is projected 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Runway Growth Finance Stock Performance

NASDAQ RWAY opened at $10.89 on Tuesday. Runway Growth Finance has a 1 year low of $9.87 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $406.71 million, a price-to-earnings ratio of 10.47 and a beta of 0.59. The company has a fifty day moving average price of $11.32 and a 200-day moving average price of $10.76.

Analysts Set New Price Targets

Several research firms have recently issued reports on RWAY. JPMorgan Chase & Co. upped their target price on shares of Runway Growth Finance from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Runway Growth Finance currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.04.

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.