MarketWise (NASDAQ:MKTW) Releases Earnings Results, Beats Expectations By $0.35 EPS

by · The Cerbat Gem

MarketWise (NASDAQ:MKTW – Get Free Report) issued its quarterly earnings data on Thursday. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.35, FiscalAI reports. The firm had revenue of $80.09 million during the quarter, compared to the consensus estimate of $78.36 million. MarketWise had a net margin of 0.72% and a negative return on equity of 0.96%.

MarketWise Stock Down 1.2%

MKTW stock traded down $0.26 during trading on Friday, reaching $21.47. The company’s stock had a trading volume of 26,897 shares, compared to its average volume of 18,853. MarketWise has a 1 year low of $13.49 and a 1 year high of $22.83. The company has a market capitalization of $338.58 million, a P/E ratio of 25.87 and a beta of 0.28. The company’s fifty day moving average is $19.12 and its 200-day moving average is $17.78.

MarketWise Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.80 annualized dividend and a yield of 8.4%. This is an increase from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s payout ratio is currently 113.64%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings raised MarketWise from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Wall Street Zen raised MarketWise from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, MarketWise has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on MKTW

MarketWise Company Profile

(Get Free Report)

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.

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