Wall Street analysts expect Horizon Technology Finance Corp (NASDAQ:HRZN) to announce $0.26 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Horizon Technology Finance’s earnings, with estimates ranging from $0.24 to $0.27. Horizon Technology Finance reported earnings per share of $0.33 in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Horizon Technology Finance will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.10 to $1.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.94 to $1.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Horizon Technology Finance.
Several research firms have issued reports on HRZN. Wells Fargo & Co cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Zacks Investment Research upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, Raymond James Financial upgraded Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Horizon Technology Finance has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of Horizon Technology Finance (NASDAQ HRZN) traded up $0.21 during midday trading on Friday, hitting $11.23. The company had a trading volume of 35,000 shares, compared to its average volume of 79,890. The firm has a market capitalization of $128.77, a P/E ratio of 19.61 and a beta of 0.81. Horizon Technology Finance has a 52-week low of $9.66 and a 52-week high of $11.88.
Horizon Technology Finance Company Profile
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.
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