MarketWise (NASDAQ:MKTW) Releases Earnings Results

MarketWise (NASDAQ:MKTW) released its quarterly earnings results on Thursday. The newsletter publisher reported $0.53 EPS for the quarter, beating the consensus estimate of $0.18 by $0.35, FiscalAI reports. MarketWise had a net margin of 0.72% and a negative return on equity of 0.96%. The business had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $78.36 million.

MarketWise Stock Performance

NASDAQ MKTW traded down $0.26 during trading on Friday, hitting $21.47. The stock had a trading volume of 26,897 shares, compared to its average volume of 18,853. The company has a market capitalization of $338.58 million, a PE ratio of 25.87 and a beta of 0.28. The company’s 50-day moving average price is $19.12 and its two-hundred day moving average price is $17.78. MarketWise has a 12 month low of $13.49 and a 12 month high of $22.83.

MarketWise Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, November 13th. This is a positive change from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s dividend payout ratio (DPR) is presently 113.64%.

Analyst Ratings Changes

MKTW has been the subject of several analyst reports. Wall Street Zen upgraded MarketWise from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of MarketWise from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

MarketWise Company Profile

MarketWise, Inc is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing.

The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.

MarketWise distributes its products primarily through digital channels, including websites, email, online publications and subscription platforms, serving customers in the United States and other international markets.