HealthStream, Inc. (HSTM) To Go Ex-Dividend on November 16th

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0350 per share by the technology company on Friday, November 27th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, November 16th.

HealthStream has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Analysts expect HealthStream to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 17.3%.

HealthStream Stock Performance

HSTM opened at $31.67 on Wednesday. HealthStream has a 52-week low of $19.50 and a 52-week high of $35.60. The stock has a market capitalization of $925.40 million, a PE ratio of 45.24, a price-to-earnings-growth ratio of 4.00 and a beta of 0.45. The stock’s 50 day moving average price is $31.11 and its 200-day moving average price is $25.70.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $83.31 million during the quarter, compared to the consensus estimate of $82.24 million. HealthStream had a return on equity of 6.58% and a net margin of 6.25%. Research analysts forecast that HealthStream will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HSTM shares. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup restated a “market perform” rating on shares of HealthStream in a report on Tuesday, October 27th. Weiss Ratings upgraded HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Craig Hallum lowered HealthStream from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Tuesday. Finally, Canaccord Genuity Group increased their price objective on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, HealthStream has an average rating of “Hold” and a consensus target price of $33.50.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.