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

MarketWise (NASDAQ:MKTW) announced its 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 Trading Down 7.4 %

Shares of MKTW traded down $0.06 during midday trading on Thursday, hitting $0.77. The stock had a trading volume of 192,677 shares, compared to its average volume of 666,244. MarketWise has a fifty-two week low of $0.46 and a fifty-two week high of $2.12. The business has a 50-day simple moving average of $0.60 and a two-hundred day simple moving average of $0.61. The firm has a market cap of $249.40 million, a P/E ratio of 6.41 and a beta of 0.36.

MarketWise Dividend Announcement

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

About MarketWise

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.