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

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, July 22nd, Zacks reports. Stockholders of record on Monday, August 5th will be given 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 dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ:HSTM opened at $29.25 on Friday. The firm’s 50-day moving average price is $28.30 and its 200-day moving average price is $27.11. The company has a market capitalization of $889.49 million, a PE ratio of 50.43, a P/E/G ratio of 4.42 and a beta of 0.38. HealthStream has a 1-year low of $20.47 and a 1-year high of $31.15.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HSTM. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group upped their price target on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and an average target price of $30.00.

About HealthStream

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.