$0.26 EPS Expected for Horizon Technology Finance Corp (HRZN) This Quarter
Equities research analysts expect that Horizon Technology Finance Corp (NASDAQ:HRZN) will post earnings per share of $0.26 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Horizon Technology Finance’s earnings, with estimates ranging from $0.24 to $0.27. Horizon Technology Finance posted earnings of $0.33 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.2%. The company is expected to report its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, 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 financial year, analysts anticipate that the company 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 calculations are a mean average based on a survey of sell-side research analysts that cover Horizon Technology Finance.
Several equities analysts recently issued reports on HRZN shares. Wells Fargo & Co cut shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. Raymond James Financial upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. National Securities reiterated a “sell” rating and set a $10.00 price target on shares of Horizon Technology Finance in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.75.
Shares of Horizon Technology Finance (HRZN) traded up $0.07 during midday trading on Friday, hitting $11.23. 52,251 shares of the company traded hands, compared to its average volume of 74,254. Horizon Technology Finance has a one year low of $9.66 and a one year high of $11.88. The stock has a market capitalization of $129.35, a PE ratio of 19.70 and a beta of 0.81.
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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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