Opera (NASDAQ:OPRA) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Opera (NASDAQ:OPRA) released its earnings results on Thursday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05, Zacks reports. The company had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $108.65 million. Opera had a net margin of 41.00% and a return on equity of 19.52%. During the same period last year, the business earned $0.15 EPS. Opera updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.

Opera Stock Up 6.1 %

Opera stock opened at $15.40 on Friday. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $17.31. The company has a market cap of $1.36 billion, a PE ratio of 7.72 and a beta of 0.98. 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 business’s 50-day simple moving average is $12.91 and its two-hundred day simple moving average is $13.52.

Opera Announces Dividend

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

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.