MarketWise (NASDAQ:MKTW) Releases Earnings Results, Beats Estimates By $0.02 EPS

MarketWise (NASDAQ:MKTW) issued its quarterly earnings results on Thursday. The newsletter publisher reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02, Zacks reports. The company had revenue of $97.48 million for the quarter, compared to analyst estimates of $77.36 million. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Trading Down 4.7 %

Shares of NASDAQ MKTW opened at $0.73 on Friday. MarketWise has a one year low of $0.46 and a one year high of $2.12. The firm has a market capitalization of $236.04 million, a PE ratio of 6.07 and a beta of 0.36. The business has a 50-day moving average price of $0.60 and a two-hundred day moving average price of $0.62.

MarketWise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.04 dividend on an annualized basis and a yield of 5.50%. MarketWise’s payout ratio is presently 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.