Runway Growth Finance Corp (RWAY)
NASDAQ (NGS) NASDAQ (NGS) Primary 
XMIL 
Runway Growth Finance Corp. (RWAY) Misses Q4 Earnings and Revenue Estimates
Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.45 per share a year ago.
Runway Growth Finance: 14.7% Yield Should Be Safe For The Near Term (Rating Downgrade)
Despite recent headwinds and credit quality concerns, Runway Growth Finance Corp.'s 14.7% dividend yield is likely safe in the near term due to strong balance sheet and buybacks. Lower interest rates should provide tailwinds, potentially increasing deal volumes and positively impacting BDC financials, but recent performance warrants a downgrade from buy to hold. RWAY's leverage has increased but remains below peers, and their discount to NAV is justified given recent financial instability and performance.
Open The Door To Venture Capital With Runway Growth Finance Corp.
Runway Growth Finance Corp. offers a unique BDC opportunity with a 15.4% annual yield, targeting late-stage VC-backed companies. RWAY's portfolio is diversified across 52 companies, primarily in the tech sector, with 92.5% in senior secured loans and 5.6% in equity. Despite potential dividend cuts due to rate changes, management appears optimistic about growth, supported by a recent adviser merger with BC Partners.
Runway Growth Finance Corp. (RWAY) Q3 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant VP, IR David Spreng - Chairman, President, & CEO Greg Greifeld - MD, Deputy CIO & Head, Credit of Runway Growth Capital Tom Raterman - CFO & COO Conference Call Participants Finian O'Shea - WFS Melissa Wedel - JPMorgan Mickey Schleien - Ladenburg Thalmann Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarter 2024 Earnings Conference Call. Please be advised that today's conference is being recorded.
Runway Growth Finance Corp. (RWAY) Q3 Earnings and Revenues Lag Estimates
Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.54 per share a year ago.
Runway Growth Finance Corp. (RWAY) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Runway Growth Finance Corp. (RWAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Runway Growth Finance: Weakening Distribution Coverage (Downgrade)
Runway Growth Finance's Q2 earnings report revealed underperformance, with net investment income at $0.37 per share, insufficient to cover the $0.40 dividend, likely leading to a distribution cut. The portfolio is heavily tech-focused, with 94% in senior secured first lien debt, but faces challenges due to lower venture deal volume and deteriorating credit quality. RWAY trades at a 20.7% discount to NAV, reflecting market concerns, but future interest rate cuts could present growth opportunities despite short-term income reductions.
Runway Growth Finance Corp. (RWAY) Q2 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Quinlan Abel - IR David Spreng - Chairman, President and CEO Greg Greifeld - MD, Deputy CIO and Head, Credit of Runway Growth Capital Tom Raterman - CFO and COO Conference Call Participants Doug Harter - UBS Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Second Quarter 2024 Earnings Conference Call.
Runway Growth Finance Corp. (RWAY) Q2 Earnings and Revenues Lag Estimates
Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.49 per share a year ago.
Runway Growth Finance (NASDAQ:RWAY) versus China Merchants Bank (OTCMKTS:CIHKY) Critical Contrast
Runway Growth Finance (NASDAQ:RWAY – Get Free Report) and China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, earnings, profitability, dividends, risk, analyst recommendations and institutional ownership. Profitability This table compares Runway Growth Finance and China Merchants Bank’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Runway Growth Finance 26.93% 14.17% 7.34% China Merchants Bank 29.99% 14.92% 1.33% Analyst Recommendations This is a summary of current recommendations and price targets for Runway Growth Finance and China Merchants Bank, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Runway Growth Finance 0 6 1 0 2.14 China Merchants Bank 0 0 0 0 N/A Runway Growth Finance currently has a consensus target price of $12.85, suggesting a potential upside of 9.64%. Given Runway Growth Finance’s higher possible upside, analysts plainly believe Runway Growth Finance is more favorable than China Merchants Bank. Institutional & Insider Ownership 64.6% of Runway Growth Finance shares are held by institutional investors. 1.0% of Runway Growth Finance shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term. Valuation and Earnings This table compares Runway Growth Finance and China Merchants Bank’s top-line revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Runway Growth Finance $164.21 million 2.81 $44.34 million $1.10 10.65 China Merchants Bank $70.40 billion 1.81 $20.74 billion $3.91 6.46 China Merchants Bank has higher revenue and earnings than Runway Growth Finance. China Merchants Bank is trading at a lower price-to-earnings ratio than Runway Growth Finance, indicating that it is currently the more affordable of the two stocks. Dividends Runway Growth Finance pays an annual dividend of $1.60 per share and has a dividend yield of 13.7%. China Merchants Bank pays an annual dividend of $1.04 per share and has a dividend yield of 4.1%. Runway Growth Finance pays out 145.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. China Merchants Bank pays out 26.6% of its earnings in the form of a dividend. Runway Growth Finance has increased its dividend for 2 consecutive years. Runway Growth Finance is clearly the better dividend stock, given its higher yield and longer track record of dividend growth. Risk & Volatility Runway Growth Finance has a beta of 0.65, indicating that its stock price is 35% less volatile than the S&P 500. Comparatively, China Merchants Bank has a beta of 0.36, indicating that its stock price is 64% less volatile than the S&P 500. Summary Runway Growth Finance beats China Merchants Bank on 10 of the 16 factors compared between the two stocks. About Runway Growth Finance (Get Free Report) 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. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million. About China Merchants Bank (Get Free Report) China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels. The company also offers credit cards; insurance products; open-ended funds; discount and guarantees for commercial bills, redemption of commercial bills, and guaranteed discount for commercial acceptance bills; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. In addition, it provides forfeiting and risk participation, escrow, cross-border RMB clearing, and interbank services; and risk and financial management, cross-border RMB and oversea financing, international factoring and settlement, and trade finance services. Further, the company offers financial leasing and guarantee, investment and wealth management, forex option and gold trading, forex express trading, international, offshore and private banking, custody, pension, and electronic banking services. The company also operates in Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China.
