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

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

Runway Growth Finance Trading Down 1.0 %

Runway Growth Finance stock opened at $10.59 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $395.50 million, a PE ratio of 10.18 and a beta of 0.59. Runway Growth Finance has a 12-month low of $9.87 and a 12-month high of $13.50. The firm has a 50 day simple moving average of $11.31 and a 200-day simple moving average of $10.76.

Runway Growth Finance Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RWAY. Wells Fargo & Company boosted their price target on Runway Growth Finance from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Runway Growth Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Runway Growth Finance has a consensus rating of “Hold” and a consensus price target of $11.65.

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.