Opera (OPRA) to Release Quarterly 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. Parties interested in participating in the company’s conference call can do so using this link.

Opera Stock Down 1.9 %

Shares of OPRA stock opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50-day moving average is $19.08 and its 200-day moving average is $17.32. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 9.21 and a beta of 1.04. Opera has a 52-week low of $10.11 and a 52-week high of $22.50.

Opera Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on OPRA. B. Riley reissued a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Lake Street Capital increased their target price on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen increased their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler initiated coverage on shares of Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Opera 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.