MarketWise (NASDAQ:MKTW) Announces Quarterly Earnings Results

MarketWise (NASDAQ:MKTW) released its quarterly earnings results on Thursday. The newsletter publisher reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08), Zacks reports. The business had revenue of $105.05 million for the quarter. MarketWise had a net margin of 0.46% and a negative return on equity of 0.74%.

MarketWise Stock Performance

Shares of MarketWise stock traded down $0.05 on Friday, hitting $0.84. 176,388 shares of the company’s stock were exchanged, compared to its average volume of 149,603. MarketWise has a 1 year low of $0.72 and a 1 year high of $3.62. The company has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $1.51. The stock has a market capitalization of $277.63 million, a PE ratio of 21.06 and a beta of 0.48.

MarketWise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Thursday, August 15th will be given a $0.01 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.04 annualized dividend and a yield of 4.75%. MarketWise’s payout ratio is presently 100.00%.

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.