Opera (OPRA) Expected to Announce Earnings on Thursday

Opera (NASDAQ:OPRA) is expected to issue its quarterly earnings data 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Opera Price Performance

NASDAQ OPRA opened at $18.51 on Tuesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings 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. The business’s fifty day moving average price is $19.11 and its 200-day moving average price is $17.28.

Opera Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, January 6th were given 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 payout ratio is currently 39.59%.

Analyst Upgrades and Downgrades

OPRA has been the topic of several recent research reports. B. Riley reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Lake Street Capital raised their target price on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Piper Sandler began coverage on Opera in a report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price target for the company. The Goldman Sachs Group raised their price objective on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen boosted their price objective on Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $24.80.

Opera Company Profile

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.