Opera (OPRA) to Release Quarterly Earnings on Thursday

Opera (NASDAQ:OPRA) is expected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Opera to post earnings of $0.28 per share and revenue of $137.86 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Opera Stock Down 5.5 %

Shares of NASDAQ:OPRA opened at $18.51 on Tuesday. The stock’s 50-day moving average is $19.11 and its 200 day moving average is $17.28. The company has a market cap of $1.64 billion, a PE ratio of 9.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera has a 1 year low of $10.11 and a 1 year high of $22.50.

Opera Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 6th were issued a $0.40 dividend. This represents a yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera’s dividend payout ratio (DPR) is currently 39.59%.

Analyst Ratings Changes

OPRA has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Lake Street Capital lifted their price target on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley reiterated a “buy” rating and issued a $25.00 price objective (up previously from $24.00) on shares of Opera in a report on Wednesday, October 30th. TD Cowen boosted their target price on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler assumed coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price target for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Opera has a consensus rating of “Buy” and a consensus target price of $24.80.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.