HealthStream, Inc. (NASDAQ:HSTM) Expected to Announce Earnings of $0.07 Per Share

Equities analysts predict that HealthStream, Inc. (NASDAQ:HSTM) will announce $0.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HealthStream’s earnings, with estimates ranging from $0.06 to $0.09. HealthStream posted earnings of $0.11 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 36.4%. The company is scheduled to announce its next earnings results on Monday, October 28th.

According to Zacks, analysts expect that HealthStream will report full-year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.40. For the next year, analysts expect that the business will post earnings of $0.34 per share, with EPS estimates ranging from $0.32 to $0.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow HealthStream.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, July 22nd. The technology company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The company had revenue of $63.78 million for the quarter, compared to analyst estimates of $63.12 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year.

Several analysts have recently commented on the stock. ValuEngine upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Barrington Research reiterated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. BidaskClub upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.

HSTM traded down $0.64 on Tuesday, hitting $27.40. 160,500 shares of the company were exchanged, compared to its average volume of 111,886. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $26.56. HealthStream has a fifty-two week low of $23.06 and a fifty-two week high of $31.86. The firm has a market capitalization of $920.70 million, a price-to-earnings ratio of 63.72, a P/E/G ratio of 6.20 and a beta of 0.68.

In other news, Director Linda Rebrovick sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $25.90, for a total value of $388,500.00. Following the completion of the sale, the director now owns 52,726 shares of the company’s stock, valued at $1,365,603.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in HealthStream by 26.9% during the 4th quarter. Millennium Management LLC now owns 10,750 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,282 shares in the last quarter. Principal Financial Group Inc. grew its holdings in HealthStream by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 215,641 shares of the technology company’s stock worth $5,208,000 after acquiring an additional 2,836 shares in the last quarter. Granite Investment Partners LLC grew its holdings in HealthStream by 18.5% during the 1st quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock worth $17,483,000 after acquiring an additional 97,269 shares in the last quarter. Northern Trust Corp grew its holdings in HealthStream by 13.4% during the 4th quarter. Northern Trust Corp now owns 509,990 shares of the technology company’s stock worth $12,316,000 after acquiring an additional 60,099 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in HealthStream by 917.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,971 shares of the technology company’s stock worth $168,000 after acquiring an additional 5,384 shares in the last quarter. 70.67% of the stock is owned by institutional investors.

HealthStream Company Profile

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

Recommended Story: Why do commodities matter?

Get a free copy of the Zacks research report on HealthStream (HSTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for HealthStream (NASDAQ:HSTM)

Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.