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

MarketWise (NASDAQ:MKTW) posted its earnings results on Thursday. The newsletter publisher reported $0.05 earnings per share for the quarter, beating 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 8.4 %

NASDAQ:MKTW traded down $0.07 during trading hours on Thursday, hitting $0.76. 250,342 shares of the stock were exchanged, compared to its average volume of 667,771. The firm’s fifty day moving average price is $0.60 and its 200 day moving average price is $0.61. The company has a market cap of $246.81 million, a P/E ratio of 6.37 and a beta of 0.36. MarketWise has a 52-week low of $0.46 and a 52-week high of $2.12.

MarketWise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 5.26%. The ex-dividend date is Tuesday, March 18th. MarketWise’s payout ratio is 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.