Zacks: Brokerages Expect HealthStream, Inc. (HSTM) to Announce $0.06 Earnings Per Share

Equities analysts forecast that HealthStream, Inc. (NASDAQ:HSTM) will announce earnings per share of $0.06 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for HealthStream’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. HealthStream posted earnings per share of $0.04 in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results on Monday, April 23rd.

On average, analysts expect that HealthStream will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.30. For the next year, analysts expect that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.29 to $0.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for HealthStream.

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HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. HealthStream had a return on equity of 2.73% and a net margin of 4.04%. The company had revenue of $62.76 million during the quarter, compared to analysts’ expectations of $61.98 million.

A number of analysts have commented on HSTM shares. Zacks Investment Research cut HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $24.00 price target on shares of HealthStream in a research report on Monday, February 12th. BidaskClub raised HealthStream from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. ValuEngine raised HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. HealthStream has a consensus rating of “Hold” and an average target price of $25.86.

Shares of HSTM opened at $24.33 on Wednesday. HealthStream has a one year low of $21.15 and a one year high of $31.53. The stock has a market cap of $792.67, a price-to-earnings ratio of 90.11, a PEG ratio of 5.52 and a beta of 0.73.

The business also recently disclosed a special dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 6th were issued a $1.00 dividend. The ex-dividend date was Monday, March 5th.

In other news, CFO Gerard M. Hayden, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $24.32, for a total value of $608,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C Martin Harris sold 10,452 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $24.06, for a total value of $251,475.12. The disclosure for this sale can be found here. In the last three months, insiders sold 96,452 shares of company stock valued at $2,348,975. Insiders own 21.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of HealthStream by 3.9% in the 4th quarter. BlackRock Inc. now owns 3,364,652 shares of the technology company’s stock valued at $77,925,000 after buying an additional 127,152 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of HealthStream by 17.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,755,050 shares of the technology company’s stock valued at $40,647,000 after buying an additional 257,400 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HealthStream by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,239,449 shares of the technology company’s stock valued at $28,966,000 after buying an additional 51,900 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of HealthStream by 35.8% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 532,004 shares of the technology company’s stock valued at $12,321,000 after buying an additional 140,295 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of HealthStream by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 324,878 shares of the technology company’s stock valued at $7,592,000 after buying an additional 12,242 shares during the period. 71.03% of the stock is owned by institutional investors and hedge funds.

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About HealthStream

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Earnings History and Estimates for HealthStream (NASDAQ:HSTM)

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