MarketWise (NASDAQ:MKTW) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

MarketWise (NASDAQ:MKTW) posted its quarterly earnings results on Thursday. The newsletter publisher reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02, Zacks reports. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Stock Performance

Shares of MKTW stock traded down $0.06 during trading on Thursday, hitting $0.77. 192,677 shares of the company were exchanged, compared to its average volume of 666,244. The firm has a market capitalization of $249.40 million, a price-to-earnings ratio of 6.41 and a beta of 0.36. The business’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.61. MarketWise has a twelve month low of $0.46 and a twelve month high of $2.12.

MarketWise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Tuesday, March 18th. MarketWise’s dividend payout ratio is currently 33.33%.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.