Runway Growth Finance (NASDAQ:RWAY) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Runway Growth Finance (NASDAQ:RWAY) announced its quarterly earnings data on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03), Zacks reports. The company had revenue of $33.78 million during the quarter, compared to analyst estimates of $36.10 million. Runway Growth Finance had a net margin of 27.05% and a return on equity of 12.91%.

Runway Growth Finance Stock Down 1.0 %

Runway Growth Finance stock opened at $10.59 on Friday. The stock’s fifty day moving average is $11.31 and its two-hundred day moving average is $10.76. The stock has a market cap of $395.50 million, a PE ratio of 10.18 and a beta of 0.59. 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.

Runway Growth Finance Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.03 dividend. This represents a yield of 15.1%. The ex-dividend date of this dividend is Monday, March 31st. Runway Growth Finance’s dividend payout ratio is presently 83.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RWAY. Wells Fargo & Company increased their price objective 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. cut their price target on Runway Growth Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Runway Growth Finance presently has a consensus rating of “Hold” and an average price target of $11.65.

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.