Runway Growth Finance (RWAY) Set to Announce Earnings on Tuesday

Runway Growth Finance (NASDAQ:RWAY - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Runway Growth Finance to post earnings of $0.45 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

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

RWAY traded up $0.02 on Tuesday, hitting $9.99. 357,918 shares of the company's stock were exchanged, compared to its average volume of 319,816. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $10.37 and a 200-day moving average price of $11.27. The stock has a market cap of $385.11 million, a price-to-earnings ratio of 13.12 and a beta of 0.58. Runway Growth Finance has a fifty-two week low of $9.87 and a fifty-two week high of $13.74.

Insider Activity at Runway Growth Finance

In other news, CEO R David Spreng bought 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $10.17 per share, with a total value of $50,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,532 shares in the company, valued at approximately $707,140.44. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RWAY has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Runway Growth Finance from $12.50 to $11.50 and set a "neutral" rating for the company in a research note on Monday, July 29th. Compass Point raised shares of Runway Growth Finance from a "neutral" rating to a "buy" rating and reduced their price target for the company from $12.75 to $11.25 in a research report on Thursday, August 15th. Finally, Wells Fargo & Company cut their target price on Runway Growth Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Runway Growth Finance presently has an average rating of "Hold" and a consensus target price of $11.79.

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.