Horizon Technology Finance (HRZN) Scheduled to Post Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $25.68 million during the quarter, compared to the consensus estimate of $26.74 million. Horizon Technology Finance had a positive return on equity of 17.39% and a negative net margin of 21.19%. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts expect Horizon Technology Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Horizon Technology Finance Stock Down 2.2 %

Shares of Horizon Technology Finance stock opened at $10.07 on Friday. The company has a market cap of $363.12 million, a PE ratio of -14.59 and a beta of 1.23. Horizon Technology Finance has a 52 week low of $9.97 and a 52 week high of $13.73. The business has a 50 day moving average price of $10.74 and a 200-day moving average price of $11.41.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 13.11%. The ex-dividend date is Friday, November 15th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -191.30%.

Analyst Ratings Changes

HRZN has been the subject of a number of research analyst reports. B. Riley reaffirmed a “sell” rating and set a $9.00 price target (down from $10.00) on shares of Horizon Technology Finance in a research report on Thursday, August 1st. Keefe, Bruyette & Woods decreased their price target on Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.63.

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, cleantech and sustainability industries.