Zacks: Brokerages Anticipate HealthStream, Inc. (NASDAQ:HSTM) to Post $0.07 EPS

Equities research analysts expect HealthStream, Inc. (NASDAQ:HSTM) to post earnings of $0.07 per share for the current quarter, according to Zacks. Two analysts have made estimates for HealthStream’s earnings, with estimates ranging from $0.06 to $0.09. HealthStream posted earnings of $0.11 per share in the same quarter last year, which would indicate a negative year over year growth rate of 36.4%. The business is expected to report its next earnings report after the market closes on Monday, October 21st.

According to Zacks, analysts expect that HealthStream will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.40. For the next year, analysts expect that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.32 to $0.36. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover HealthStream.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, July 22nd. The technology company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $63.78 million during the quarter, compared to analyst estimates of $63.12 million. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS.

A number of analysts have recently issued reports on the company. BidaskClub downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Barrington Research reiterated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. HealthStream presently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of HSTM traded up $0.17 during trading hours on Monday, reaching $26.33. 71,832 shares of the company’s stock traded hands, compared to its average volume of 125,227. The stock has a market cap of $854.89 million, a PE ratio of 61.23, a price-to-earnings-growth ratio of 5.77 and a beta of 0.69. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $26.06 and its 200-day simple moving average is $26.46. HealthStream has a 12 month low of $23.06 and a 12 month high of $30.00.

In other news, Director Jeffrey L. Mclaren sold 5,000 shares of HealthStream stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares in the company, valued at approximately $405,635.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in HealthStream by 1.8% in the 2nd quarter. BlackRock Inc. now owns 4,082,118 shares of the technology company’s stock worth $105,564,000 after buying an additional 71,204 shares during the last quarter. Vanguard Group Inc. lifted its position in HealthStream by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,715,533 shares of the technology company’s stock worth $70,224,000 after buying an additional 9,253 shares during the last quarter. Invesco Ltd. lifted its position in HealthStream by 16.4% in the 2nd quarter. Invesco Ltd. now owns 695,095 shares of the technology company’s stock worth $17,975,000 after buying an additional 97,729 shares during the last quarter. Granite Investment Partners LLC lifted its position in HealthStream by 9.0% in the 2nd quarter. Granite Investment Partners LLC now owns 678,991 shares of the technology company’s stock worth $17,559,000 after buying an additional 55,945 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in HealthStream by 23.8% in the 2nd quarter. Bank of America Corp DE now owns 580,014 shares of the technology company’s stock worth $14,999,000 after buying an additional 111,525 shares during the last quarter. Institutional investors own 72.72% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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Earnings History and Estimates for HealthStream (NASDAQ:HSTM)

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