MarketWise, Inc. (MKTW) To Go Ex-Dividend on August 19th

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.20 per share by the newsletter publisher on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th.

MarketWise has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect MarketWise to earn $3.17 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.5%.

MarketWise Stock Performance

MarketWise stock traded up $0.21 during midday trading on Thursday, hitting $21.34. 5,558 shares of the company were exchanged, compared to its average volume of 19,429. The business has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $17.11. The firm has a market capitalization of $333.46 million, a PE ratio of 12.93 and a beta of 0.20. MarketWise has a fifty-two week low of $13.49 and a fifty-two week high of $22.83.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, August 6th. The newsletter publisher reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.65 by ($0.89). The company had revenue of $75.81 million during the quarter, compared to analysts’ expectations of $78.37 million. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%. As a group, equities analysts expect that MarketWise will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MKTW shares. Weiss Ratings raised shares of MarketWise from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Wall Street Zen cut MarketWise from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

About MarketWise

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.