Horizon Technology Finance Corporation (NASDAQ:HRZN) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $5.88 million during the quarter, compared to analysts’ expectations of $6.71 million. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The business’s revenue for the quarter was down 35.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. On average, analysts expect Horizon Technology Finance Corporation to post $1.1 EPS for the current fiscal year and $1.13 EPS for the next fiscal year.

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) opened at 10.84 on Tuesday. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $13.70. The stock has a 50 day moving average price of $11.01 and a 200 day moving average price of $11.12.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.07%. Horizon Technology Finance Corporation’s dividend payout ratio is currently -749.95%.

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Several research firms recently issued reports on HRZN. UBS AG cut Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Compass Point reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Thursday, July 6th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a research report on Thursday, August 3rd. Finally, National Securities reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of Horizon Technology Finance Corporation in a research report on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Horizon Technology Finance Corporation currently has an average rating of “Hold” and a consensus price target of $10.75.

Horizon Technology Finance Corporation 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.

Earnings History for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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