HealthStream, Inc. (HSTM) To Go Ex-Dividend on March 10th

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.031 per share by the technology company on Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Monday, March 10th. This is a 10.7% increase from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of NASDAQ HSTM opened at $32.83 on Friday. The firm has a market cap of $999.15 million, a price-to-earnings ratio of 50.51, a P/E/G ratio of 4.37 and a beta of 0.37. The business’s 50-day simple moving average is $32.65 and its 200-day simple moving average is $31.00. HealthStream has a 52 week low of $23.92 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts forecast that HealthStream will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on HSTM. William Blair restated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group increased their target price on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.