Horizon Technology Finance (HRZN) Scheduled to Post Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) will be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, April 30th. The investment management company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Horizon Technology Finance had a positive return on equity of 17.98% and a negative net margin of 12.40%. The company had revenue of $26.13 million for the quarter, compared to analyst estimates of $26.83 million. 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 Horizon Technology Finance stock opened at $12.27 on Monday. The stock’s 50-day moving average is $11.98 and its 200 day moving average is $12.09. The firm has a market cap of $429.70 million, a price-to-earnings ratio of -29.21 and a beta of 1.24. Horizon Technology Finance has a one year low of $10.75 and a one year high of $13.73.

Horizon Technology Finance Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 16th will be issued a $0.11 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.32 annualized dividend and a yield of 10.76%. Horizon Technology Finance’s payout ratio is currently -314.28%.

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.