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

Runway Growth Finance (NASDAQ:RWAY) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Runway Growth Finance Trading Down 1.1 %

Shares of Runway Growth Finance stock opened at $11.38 on Tuesday. Runway Growth Finance has a 52 week low of $9.87 and a 52 week high of $13.52. The stock has a 50 day moving average price of $11.30 and a two-hundred day moving average price of $10.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $425.01 million, a PE ratio of 10.94 and a beta of 0.59.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RWAY shares. JPMorgan Chase & Co. raised their price objective on shares of Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.04.

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.