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

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. Stockholders of record on Monday, August 18th will be paid a dividend of 0.031 per share by the technology company on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 18th.

HealthStream has a payout ratio of 17.1% meaning 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 Down 0.1%

Shares of NASDAQ:HSTM traded down $0.03 during midday trading on Friday, hitting $25.92. 27,433 shares of the stock traded hands, compared to its average volume of 178,741. The stock has a market capitalization of $791.06 million, a PE ratio of 38.68, a P/E/G ratio of 3.37 and a beta of 0.43. HealthStream has a one year low of $25.36 and a one year high of $34.24. The business's 50 day moving average is $27.21 and its two-hundred day moving average is $30.09.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $0.18 EPS 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 company had revenue of $74.40 million during the quarter, compared to the consensus estimate of $74.39 million. As a group, sell-side analysts forecast that HealthStream will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

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