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

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

MarketWise Stock Performance

MarketWise stock traded down $0.26 during midday trading on Friday, hitting $21.47. 26,897 shares of the company’s stock were exchanged, compared to its average volume of 18,853. MarketWise has a 12-month low of $13.49 and a 12-month high of $22.83. The stock has a market cap of $338.58 million, a price-to-earnings ratio of 25.87 and a beta of 0.28. The firm’s 50 day simple moving average is $19.12 and its 200 day simple moving average is $17.78.

MarketWise Increases Dividend

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

Analysts Set New Price Targets

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

About MarketWise

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.