Runway Growth Finance (RWAY) to Release Earnings on Thursday

Runway Growth Finance (NASDAQ:RWAY) will likely be announcing its earnings results after the market closes on Thursday, March 20th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $36.10 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Runway Growth Finance Stock Up 1.0 %

Shares of RWAY stock opened at $11.07 on Thursday. Runway Growth Finance has a 12 month low of $9.87 and a 12 month high of $13.50. The firm has a market cap of $413.43 million, a PE ratio of 10.64 and a beta of 0.59. The stock has a 50 day moving average of $11.33 and a 200-day moving average of $10.75. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price 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. JPMorgan Chase & Co. upped their target price on Runway Growth Finance from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Runway Growth Finance currently has an average rating of “Moderate Buy” and an average 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.