Wall Street brokerages expect Copa Holdings, S.A. (NYSE:CPA) to report $1.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Copa’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $0.79. Copa posted earnings per share of $1.18 in 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 results on Wednesday, August 14th.
According to Zacks, 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 year, analysts expect that the firm will post earnings of $8.30 per share, with EPS estimates ranging from $7.13 to $10.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Copa.
Copa (NYSE:CPA) last issued 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 firm had revenue of $672.17 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.22 EPS.
CPA has been the subject of several research reports. Imperial Capital reaffirmed an “underperform” rating and issued a $77.00 target price (up from $68.00) on shares of Copa in a research report on Wednesday, February 20th. ValuEngine downgraded Copa from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup raised Copa from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Cowen reaffirmed a “market perform” rating and issued a $93.00 target price (up from $85.00) on shares of Copa in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $101.55.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. 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 buying an additional 200 shares in the last quarter. 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 buying an additional 204 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Copa by 0.7% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 35,235 shares of the transportation company’s stock worth $2,773,000 after buying an additional 250 shares in the last quarter. 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 buying an additional 288 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Copa by 5.7% during the fourth quarter. Bank of Montreal Can now owns 6,314 shares of the transportation company’s stock worth $496,000 after buying an additional 339 shares in the last quarter. 66.98% of the stock is owned by institutional investors.
CPA traded up $0.06 on Friday, hitting $96.25. The company had a trading volume of 244,476 shares, compared to its average volume of 250,884. The firm has a market cap of $4.06 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. Copa has a 1 year low of $67.38 and a 1 year high of $103.56. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.70.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, May 30th. Copa’s dividend payout ratio is currently 39.88%.
Copa Company Profile
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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