HealthStream, Inc. (HSTM) To Go Ex-Dividend on August 5th

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, July 22nd, Zacks reports. Stockholders of record on Monday, August 5th will be paid a dividend of 0.028 per share by the technology company on Friday, August 16th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Monday, August 5th.

HealthStream has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HealthStream to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 18.0%.

HealthStream Stock Down 2.1 %

Shares of NASDAQ HSTM opened at $29.25 on Friday. HealthStream has a twelve month low of $20.47 and a twelve month high of $31.15. The firm has a market cap of $889.49 million, a P/E ratio of 50.43, a PEG ratio of 4.42 and a beta of 0.38. The company has a 50 day moving average of $28.25 and a 200 day moving average of $27.10.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The company had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. During the same period in the previous year, the business earned $0.13 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that HealthStream will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HSTM. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.