Zacks: Analysts Anticipate Copa Holdings, S.A. (NYSE:CPA) to Announce -$1.14 EPS

Wall Street brokerages forecast that Copa Holdings, S.A. (NYSE:CPA) will announce earnings per share of ($1.14) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Copa’s earnings. The highest EPS estimate is ($0.98) and the lowest is ($1.45). Copa reported earnings per share of ($2.70) during the same quarter last year, which indicates a positive year over year growth rate of 57.8%. The company is scheduled to report its next earnings report on Wednesday, August 4th.

On average, analysts expect that Copa will report full-year earnings of ($3.60) per share for the current year, with EPS estimates ranging from ($4.45) to ($2.77). For the next financial year, analysts expect that the firm will report earnings of $4.41 per share, with EPS estimates ranging from $1.61 to $7.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Copa.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 5th. The transportation company reported ($2.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.20) by ($0.03). Copa had a negative return on equity of 30.16% and a negative net margin of 200.30%. The company had revenue of $185.68 million during the quarter, compared to analysts’ expectations of $188.93 million.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Copa from a “neutral” rating to a “buy” rating and raised their target price for the company from $73.00 to $100.00 in a research note on Monday, April 19th. Deutsche Bank Aktiengesellschaft raised shares of Copa from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $95.00 in a research note on Wednesday, April 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $65.00 target price on shares of Copa in a research note on Monday, March 29th. HSBC downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. Finally, Zacks Investment Research raised shares of Copa from a “sell” rating to a “hold” rating and set a $90.00 target price for the company in a research note on Tuesday, May 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.00.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd grew its position in Copa by 155.9% in the 4th quarter. FIL Ltd now owns 1,416,817 shares of the transportation company’s stock worth $109,421,000 after purchasing an additional 863,156 shares during the period. Hsbc Holdings PLC grew its position in Copa by 15.9% in the 4th quarter. Hsbc Holdings PLC now owns 42,559 shares of the transportation company’s stock worth $3,287,000 after purchasing an additional 5,844 shares during the period. Majedie Asset Management Ltd grew its position in Copa by 78.6% in the 4th quarter. Majedie Asset Management Ltd now owns 56,089 shares of the transportation company’s stock worth $4,336,000 after purchasing an additional 24,691 shares during the period. Charles Schwab Investment Management Inc. grew its position in Copa by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,892 shares of the transportation company’s stock worth $3,236,000 after purchasing an additional 1,637 shares during the period. Finally, Prince Street Capital Management LLC bought a new stake in Copa in the 4th quarter worth approximately $4,795,000. 80.39% of the stock is owned by institutional investors.

Shares of NYSE CPA traded down $0.92 on Thursday, reaching $75.74. 293,473 shares of the company’s stock traded hands, compared to its average volume of 446,159. Copa has a 12 month low of $40.15 and a 12 month high of $94.91. The company has a 50 day moving average of $81.57. The stock has a market cap of $3.21 billion, a P/E ratio of -4.11 and a beta of 1.66. The company has a current ratio of 1.50, a quick ratio of 1.42 and a debt-to-equity ratio of 1.11.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 104 daily scheduled flights to 54 destinations in 25 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2020, it operated a fleet of 77 aircraft comprising 70 Boeing 737-Next Generation aircraft and 7 Boeing 737 MAX 9 aircraft.

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