Opera (NASDAQ:OPRA) Issues Earnings Results, Beats Expectations By $0.05 EPS

Opera (NASDAQ:OPRA) posted its quarterly earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05, Zacks reports. Opera had a net margin of 41.00% and a return on equity of 19.52%. The firm had revenue of $109.73 million for the quarter, compared to analyst estimates of $108.65 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. Opera updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.

Opera Trading Up 11.5 %

Opera stock opened at $16.18 on Friday. The company has a 50 day moving average price of $12.94 and a 200 day moving average price of $13.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera has a 52 week low of $10.11 and a 52 week high of $17.31. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 8.61 and a beta of 0.98.

Opera Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were given a $0.40 dividend. The ex-dividend date was Tuesday, July 2nd. This represents a dividend yield of 5.6%. Opera’s dividend payout ratio (DPR) is presently 41.49%.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on Opera from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday.

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.