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

HealthStream, Inc. (NASDAQ:HSTM) declared 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 annualized dividend 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% indicating that its dividend is sufficiently covered by earnings. 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

Shares of HSTM stock opened at $29.25 on Friday. The company has a market cap of $889.49 million, a price-to-earnings ratio of 50.43, a PEG ratio of 4.42 and a beta of 0.38. The stock has a 50 day simple moving average of $28.30 and a 200-day simple moving average of $27.11. HealthStream has a 1-year low of $20.47 and a 1-year high of $31.15.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group increased their price objective on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.