Brokerages predict that Horizon Technology Finance Corp (NASDAQ:HRZN) will report $6.60 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Horizon Technology Finance’s earnings. The highest sales estimate is $6.91 million and the lowest is $6.39 million. Horizon Technology Finance reported sales of $6.99 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The firm is scheduled to announce its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Horizon Technology Finance will report full-year sales of $6.60 million for the current financial year, with estimates ranging from $26.00 million to $26.52 million. For the next year, analysts forecast that the company will report sales of $28.42 million per share, with estimates ranging from $27.00 million to $29.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Horizon Technology Finance.
Several brokerages recently commented on HRZN. Wells Fargo & Co cut shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Zacks Investment Research upgraded shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Finally, Raymond James Financial upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Three equities research 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. Horizon Technology Finance currently has an average rating of “Hold” and a consensus price target of $10.75.
Horizon Technology Finance (NASDAQ:HRZN) opened at $11.02 on Tuesday. Horizon Technology Finance has a 1-year low of $9.66 and a 1-year high of $11.88. The company has a market cap of $124.63, a price-to-earnings ratio of 19.33 and a beta of 0.80.
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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