HealthStream, Inc. to Issue Quarterly Dividend of $0.03 (NASDAQ:HSTM)

Key Points

• HealthStream, Inc. declared a quarterly dividend of $0.03 per share, with the payment date set for August 29th for stockholders of record on August 18th.
• The company reported a net margin of 6.54% and earnings per share of $0.18 for the last quarter, exceeding the analyst consensus estimate of $0.16.
• HealthStream's stock has seen a price target adjustment from Canaccord Genuity, lowering it from $30.00 to $29.00, while the consensus rating remains a "Moderate Buy."

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Monday, August 18th will be given a dividend of 0.031 per share by the technology company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 18th.

HealthStream has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.8%.

HealthStream Stock Up 0.2%

Shares of NASDAQ:HSTM traded up $0.04 during mid-day trading on Friday, reaching $25.98. 116,904 shares of the stock were exchanged, compared to its average volume of 184,960. The stock's 50 day simple moving average is $27.16 and its 200-day simple moving average is $30.04. The company has a market cap of $792.91 million, a P/E ratio of 38.78, a P/E/G ratio of 3.31 and a beta of 0.43. HealthStream has a one year low of $25.36 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 5.70% and a net margin of 6.89%. The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $74.39 million. Analysts anticipate that HealthStream will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.00.

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.