Opera (OPRA) to Release Quarterly Earnings on Thursday

Opera (NASDAQ:OPRA) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $137.86 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Opera Trading Down 4.8 %

Shares of OPRA stock opened at $20.34 on Friday. 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. The firm has a fifty day moving average price of $19.13 and a 200-day moving average price of $17.09. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 10.32 and a beta of 1.04.

Opera Announces Dividend

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

Analysts Set New Price Targets

OPRA has been the topic of several research analyst reports. Lake Street Capital boosted their price target on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of Opera from $19.50 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 set a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. TD Cowen upped their price target 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 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.