MarketWise (NASDAQ:MKTW) Posts Earnings Results, Beats Expectations By $1.40 EPS

MarketWise (NASDAQ:MKTW - Get Free Report) announced its quarterly earnings results on Thursday, May 8th. The newsletter publisher reported $0.41 EPS for the quarter, beating the consensus estimate of ($0.99) by $1.40, Zacks reports. The business had revenue of $83.51 million during the quarter, compared to analysts' expectations of $75.89 million. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Trading Up 0.1%

MKTW stock traded up $0.01 during midday trading on Thursday, hitting $16.21. The stock had a trading volume of 4,184 shares, compared to its average volume of 24,556. The firm has a market capitalization of $263.01 million, a price-to-earnings ratio of 135.09 and a beta of 0.36. MarketWise has a 52 week low of $9.08 and a 52 week high of $33.60. The stock has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $11.75.

MarketWise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.94%. MarketWise's dividend payout ratio is 26.58%.

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.