Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Horizon Technology Finance to post earnings of $0.35 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last issued its earnings results on Tuesday, July 30th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. The business had revenue of $25.68 million during the quarter, compared to analysts’ expectations of $26.74 million. During the same quarter in the prior year, the business posted $0.54 EPS. 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 Price Performance
Shares of NASDAQ:HRZN opened at $10.07 on Monday. Horizon Technology Finance has a 12 month low of $9.97 and a 12 month high of $13.73. The firm has a market capitalization of $352.66 million, a P/E ratio of -23.98 and a beta of 1.23. The company’s fifty day moving average price is $10.74 and its 200 day moving average price is $11.41.
Horizon Technology Finance Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on HRZN shares. Keefe, Bruyette & Woods dropped their price target on Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a research note on Thursday, August 1st. B. Riley restated a “sell” rating and set a $9.00 target price (down from $10.00) on shares of Horizon Technology Finance in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, Horizon Technology Finance presently has a consensus rating of “Hold” and an average target price of $9.63.
Check Out Our Latest Stock Report on Horizon Technology Finance
About Horizon Technology Finance
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.
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