Horizon Technology Finance Corp (HRZN) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Horizon Technology Finance Corp (NASDAQ:HRZN) announced its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.03, American Banking News reports. The company had revenue of $8.69 million for the quarter, compared to the consensus estimate of $8.07 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Wunderlich downgraded shares of Horizon Technology Finance Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 28th. They now have a $14.50 price target on the stock, down previously from $15.00. On a related note, analysts at National Securities downgraded shares of Horizon Technology Finance Corp from a “buy” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $15.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Horizon Technology Finance Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.63.
Horizon Technology Finance Corp (NASDAQ:HRZN) traded down 4.44% during mid-day trading on Tuesday, hitting $12.90. The stock had a trading volume of 127,686 shares. Horizon Technology Finance Corp has a 52-week low of $12.17 and a 52-week high of $15.07. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $13.80. The company has a market cap of $124.1 million and a price-to-earnings ratio of 22.92.
Horizon Technology Finance Corporation is a closed-end, non-diversified management investment company.
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