Analysts predict that Horizon Technology Finance Corporation (NASDAQ:HRZN) will report $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Horizon Technology Finance Corporation’s earnings, with estimates ranging from $0.26 to $0.34. Horizon Technology Finance Corporation posted earnings of $0.38 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 23.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Horizon Technology Finance Corporation will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.06 to $1.17. For the next financial year, analysts expect that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Horizon Technology Finance Corporation.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). The firm had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The business’s revenue was down 35.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.

Several analysts recently issued reports on HRZN shares. Zacks Investment Research lowered Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine lowered Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. National Securities restated a “neutral” rating and set a $10.00 target price on shares of Horizon Technology Finance Corporation in a report on Tuesday, October 3rd. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a report on Wednesday, August 2nd. Finally, Compass Point upgraded Horizon Technology Finance Corporation from a “sell” rating to a “neutral” rating and set a $10.00 target price on the stock in a report on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Horizon Technology Finance Corporation currently has an average rating of “Hold” and a consensus price target of $10.75.

Institutional investors have recently bought and sold shares of the company. Investment Centers of America Inc. bought a new position in shares of Horizon Technology Finance Corporation in the second quarter worth about $136,000. Royal Bank of Canada increased its stake in shares of Horizon Technology Finance Corporation by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after purchasing an additional 4,252 shares during the period. WFG Advisors LP increased its stake in shares of Horizon Technology Finance Corporation by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after purchasing an additional 5,878 shares during the period. Wells Fargo & Company MN increased its stake in shares of Horizon Technology Finance Corporation by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock worth $730,000 after purchasing an additional 1,414 shares during the period. Finally, West Family Investments Inc. increased its stake in shares of Horizon Technology Finance Corporation by 49.0% in the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after purchasing an additional 52,156 shares during the period. Institutional investors and hedge funds own 18.15% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/10/12/0-29-earnings-per-share-expected-for-horizon-technology-finance-corporation-hrzn-this-quarter.html.

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) traded up 0.6746% during midday trading on Monday, reaching $11.3863. The company’s stock had a trading volume of 17,736 shares. The stock has a 50-day moving average price of $10.81 and a 200 day moving average price of $11.11. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $13.75.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.61%. Horizon Technology Finance Corporation’s payout ratio is presently -749.95%.

About Horizon Technology Finance Corporation

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

Get a free copy of the Zacks research report on Horizon Technology Finance Corporation (HRZN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Horizon Technology Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance Corporation and related stocks with our FREE daily email newsletter.