Zacks: Brokerages Expect Horizon Technology Finance Corp (HRZN) Will Announce Earnings of $0.34 Per Share

Equities analysts expect Horizon Technology Finance Corp (NASDAQ:HRZN) to report earnings of $0.34 per share for the current quarter, according to Zacks. Two analysts have made estimates for Horizon Technology Finance’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.37. Horizon Technology Finance reported earnings of $0.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 61.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, March 5th.

On average, analysts expect that Horizon Technology Finance will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.16 to $1.23. For the next year, analysts expect that the business will post earnings of $1.20 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Horizon Technology Finance.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 30th. The investment management company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The business had revenue of $7.80 million for the quarter, compared to analysts’ expectations of $7.70 million. Horizon Technology Finance had a return on equity of 9.14% and a net margin of 43.19%.

HRZN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $10.50 to $10.00 in a research note on Sunday, October 21st. National Securities reissued a “neutral” rating and set a $11.00 target price on shares of Horizon Technology Finance in a research note on Monday, August 6th. Finally, Zacks Investment Research raised Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Saturday, November 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.50.

An institutional investor recently raised its position in Horizon Technology Finance stock. Rehmann Capital Advisory Group grew its holdings in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 1,040.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,997 shares of the investment management company’s stock after buying an additional 4,559 shares during the period. Rehmann Capital Advisory Group’s holdings in Horizon Technology Finance were worth $438,000 as of its most recent SEC filing. Institutional investors own 11.45% of the company’s stock.

Horizon Technology Finance stock traded up $0.09 during trading hours on Monday, reaching $11.54. The company had a trading volume of 73,900 shares, compared to its average volume of 83,084. The stock has a market capitalization of $132.05 million, a P/E ratio of 10.79 and a beta of 0.83. Horizon Technology Finance has a 12-month low of $9.92 and a 12-month high of $12.10.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, December 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $1.20 annualized dividend and a dividend yield of 10.40%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 112.15%.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.

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Earnings History and Estimates for Horizon Technology Finance (NASDAQ:HRZN)

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