Brokerages expect Horizon Technology Finance Corporation (NASDAQ:HRZN) to report $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Horizon Technology Finance Corporation’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.26. Horizon Technology Finance Corporation reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.7%. The company is expected to report its next quarterly earnings report on Tuesday, November 7th.

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

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The firm had revenue of $5.88 million for the quarter, compared to analysts’ expectations of $6.71 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was down 35.3% on a year-over-year basis.

HRZN has been the subject of several research reports. UBS AG downgraded shares of Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Horizon Technology Finance Corporation in a research report on Thursday, August 3rd. Compass Point reissued a “sell” rating and set a $10.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Thursday, July 6th. Finally, National Securities reissued a “neutral” rating and set a $10.00 price objective (down previously from $11.00) on shares of Horizon Technology Finance Corporation in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.20.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/brokerages-anticipate-horizon-technology-finance-corporation-hrzn-to-post-0-29-earnings-per-share/1536803.html.

Horizon Technology Finance Corporation (NASDAQ HRZN) traded up 2.03% during trading on Friday, reaching $10.58. 28,775 shares of the company’s stock traded hands. The firm’s 50 day moving average is $10.89 and its 200 day moving average is $11.13. Horizon Technology Finance Corporation has a 12 month low of $9.64 and a 12 month high of $13.79.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio (DPR) is currently -749.95%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRZN. Wells Fargo & Company MN increased its position in 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 buying an additional 1,414 shares during the period. LSV Asset Management increased its position in Horizon Technology Finance Corporation by 1.3% in the first quarter. LSV Asset Management now owns 191,000 shares of the investment management company’s stock worth $2,125,000 after buying an additional 2,500 shares during the period. UBS Group AG increased its position in Horizon Technology Finance Corporation by 18.5% in the first quarter. UBS Group AG now owns 370,154 shares of the investment management company’s stock worth $4,120,000 after buying an additional 57,715 shares during the period. Infrastructure Capital Advisors LLC acquired a new position in Horizon Technology Finance Corporation during the first quarter worth $184,000. Finally, West Family Investments Inc. increased its position in 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 buying an additional 52,156 shares during the period. 18.15% of the stock is owned by institutional investors and hedge funds.

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.