Runway Growth Finance Corp (NASDAQ:RWAY) Expected to Announce Earnings of $0.26 Per Share

Wall Street analysts predict that Runway Growth Finance Corp (NASDAQ:RWAY) will announce earnings per share of $0.26 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Runway Growth Finance’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. The firm is expected to report its next earnings results on Thursday, February 3rd.

On average, analysts expect that Runway Growth Finance will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.30. For the next fiscal year, analysts expect that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $1.17 to $1.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Runway Growth Finance.

Runway Growth Finance (NASDAQ:RWAY) last issued its earnings results on Thursday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $18.61 million during the quarter. Runway Growth Finance had a return on equity of 9.90% and a net margin of 66.69%.

Several equities analysts recently weighed in on the company. Hovde Group assumed coverage on Runway Growth Finance in a research note on Friday, November 19th. They issued an “outperform” rating and a $14.50 price objective for the company. Oppenheimer assumed coverage on Runway Growth Finance in a research note on Monday, November 15th. They issued an “outperform” rating and a $15.00 price objective for the company. Wells Fargo & Company assumed coverage on Runway Growth Finance in a research note on Monday, November 15th. They issued an “overweight” rating and a $15.00 price objective for the company. Compass Point assumed coverage on Runway Growth Finance in a research note on Monday, November 15th. They issued a “buy” rating and a $16.50 price objective for the company. Finally, B. Riley assumed coverage on Runway Growth Finance in a research note on Monday, November 15th. They issued a “buy” rating and a $15.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $15.29.

In other Runway Growth Finance news, Director Ocm Growth Holdings Llc acquired 8,566 shares of the firm’s stock in a transaction dated Monday, December 6th. The shares were acquired at an average price of $13.61 per share, for a total transaction of $116,583.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas B. Raterman acquired 12,266 shares of the firm’s stock in a transaction dated Friday, December 10th. The shares were acquired at an average price of $13.52 per share, for a total transaction of $165,836.32. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 302,226 shares of company stock worth $3,994,709.

Shares of RWAY stock opened at $13.20 on Friday. Runway Growth Finance has a 12-month low of $11.84 and a 12-month high of $14.05. The stock’s 50 day simple moving average is $13.08. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.16.

The business also recently announced a quarterly dividend, which was paid on Monday, November 22nd. Shareholders of record on Monday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date was Friday, November 5th.

About Runway Growth Finance

Runway Growth Finance Corp. is an externally managed business development company. It focused on providing flexible capital solutions to late-stage and growth companies. Runway Growth Finance Corp. is based in WOODSIDE, Calif.

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Earnings History and Estimates for Runway Growth Finance (NASDAQ:RWAY)

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