Earnings Report: Here’s what to expect from Horizon Technology Finance (NASDAQ:HRZN)

Earnings results for Horizon Technology Finance (NASDAQ:HRZN)

Horizon Technology Finance Corporation is expected* to report earnings on 04/27/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.27. The reported EPS for the same quarter last year was $0.26.

Horizon Technology Finance last issued its earnings data on March 1st, 2021. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.07. The company had revenue of $10.07 million for the quarter, compared to the consensus estimate of $11.18 million. Horizon Technology Finance has generated $1.52 earnings per share over the last year and currently has a price-to-earnings ratio of 23.1. Horizon Technology Finance has confirmed that its next quarterly earnings report will be published on Tuesday, April 27th, 2021.

Analyst Opinion on Horizon Technology Finance (NASDAQ:HRZN)

6 Wall Street analysts have issued ratings and price targets for Horizon Technology Finance in the last 12 months. Their average twelve-month price target is $10.63, predicting that the stock has a possible downside of 33.30%. The high price target for HRZN is $13.50 and the low price target for HRZN is $9.00. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Horizon Technology Finance has received a consensus rating of Hold. The company’s average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $10.63, Horizon Technology Finance has a forecasted downside of 33.3% from its current price of $15.93. Horizon Technology Finance has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Horizon Technology Finance (NASDAQ:HRZN)

Horizon Technology Finance is a leading dividend payer. It pays a dividend yield of 7.59%, putting its dividend yield in the top 25% of dividend-paying stocks. Horizon Technology Finance has only been increasing its dividend for 1 years. The dividend payout ratio of Horizon Technology Finance is 78.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Horizon Technology Finance will have a dividend payout ratio of 97.56% in the coming year. This indicates that Horizon Technology Finance may not be able to sustain their current dividend.

Insiders buying/selling: Horizon Technology Finance (NASDAQ:HRZN)

In the past three months, Horizon Technology Finance insiders have not sold or bought any company stock. Only 1.60% of the stock of Horizon Technology Finance is held by insiders. Only 7.06% of the stock of Horizon Technology Finance is held by institutions.

Earnings and Valuation of Horizon Technology Finance (NASDAQ:HRZN

Earnings for Horizon Technology Finance are expected to decrease by -3.91% in the coming year, from $1.28 to $1.23 per share. The P/E ratio of Horizon Technology Finance is 23.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.19. The P/E ratio of Horizon Technology Finance is 23.09, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.04. Horizon Technology Finance has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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