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

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

MarketWise Price Performance

Shares of MarketWise stock traded down $0.26 during midday trading on Friday, hitting $21.47. 26,897 shares of the company were exchanged, compared to its average volume of 18,853. The firm has a 50 day simple moving average of $19.12 and a 200-day simple moving average of $17.78. The firm has a market cap of $338.58 million, a P/E ratio of 25.87 and a beta of 0.28. MarketWise has a 52 week low of $13.49 and a 52 week high of $22.83.

MarketWise Increases Dividend

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

Analysts Set New Price Targets

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