Wall Street brokerages expect Copa Holdings, S.A. (NYSE:CPA) to announce earnings of $1.01 per share for the current quarter, according to Zacks. Four analysts have made estimates for Copa’s earnings. The lowest EPS estimate is $0.79 and the highest is $1.18. Copa reported earnings of $1.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 14.4%. The firm is expected to report its next earnings report on Wednesday, August 14th.
On average, analysts expect that Copa will report full-year earnings of $6.93 per share for the current financial year, with EPS estimates ranging from $6.40 to $7.45. For the next financial year, analysts expect that the company will post earnings of $8.30 per share, with EPS estimates ranging from $7.13 to $10.25. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Copa.
Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 8th. The transportation company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.47. The company had revenue of $672.17 million during the quarter, compared to analysts’ expectations of $670.26 million. Copa had a net margin of 1.56% and a return on equity of 11.81%. Copa’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.22 EPS.
A number of equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Copa from a “c+” rating to a “b” rating in a report on Friday, May 10th. Bank of America upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Monday, May 13th. Cowen reiterated a “market perform” rating and set a $93.00 target price (up previously from $85.00) on shares of Copa in a research note on Friday, May 10th. ValuEngine upgraded shares of Copa from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Citigroup upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $101.55.
NYSE:CPA traded up $0.34 during trading hours on Friday, reaching $96.53. 102,879 shares of the company’s stock were exchanged, compared to its average volume of 248,053. Copa has a 1-year low of $67.38 and a 1-year high of $103.95. The stock has a market cap of $4.00 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.60 annualized dividend and a dividend yield of 2.69%. Copa’s dividend payout ratio is currently 39.88%.
Several institutional investors have recently added to or reduced their stakes in CPA. Cresset Asset Management LLC bought a new position in shares of Copa during the first quarter worth about $29,000. Advisor Group Inc. grew its position in shares of Copa by 92.0% during the first quarter. Advisor Group Inc. now owns 601 shares of the transportation company’s stock worth $48,000 after acquiring an additional 288 shares during the last quarter. Quad Cities Investment Group LLC grew its position in shares of Copa by 29.6% during the first quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock worth $70,000 after acquiring an additional 200 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Copa by 38.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,295 shares of the transportation company’s stock worth $104,000 after acquiring an additional 358 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Copa by 10.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,208 shares of the transportation company’s stock worth $177,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
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