Copa Holdings, S.A. Forecasted to Post Q2 2024 Earnings of $3.55 Per Share (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPAFree Report) – Analysts at Zacks Research increased their Q2 2024 earnings per share estimates for Copa in a note issued to investors on Wednesday, May 29th. Zacks Research analyst S. Goswami now anticipates that the transportation company will post earnings of $3.55 per share for the quarter, up from their previous estimate of $3.47. The consensus estimate for Copa’s current full-year earnings is $16.75 per share. Zacks Research also issued estimates for Copa’s FY2025 earnings at $17.76 EPS and Q1 2026 earnings at $4.10 EPS.

CPA has been the topic of several other research reports. Raymond James increased their price target on shares of Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 17th. Evercore ISI raised their target price on Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com raised Copa from a “hold” rating to a “buy” rating in a report on Friday, May 17th. TD Cowen upped their price objective on Copa from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Morgan Stanley assumed coverage on Copa in a research report on Friday, May 24th. They issued an “overweight” rating and a $140.00 target price on the stock. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Copa has an average rating of “Buy” and an average price target of $154.43.

View Our Latest Research Report on Copa

Copa Trading Down 0.3 %

Shares of Copa stock opened at $97.23 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.58. Copa has a 12-month low of $78.12 and a 12-month high of $121.20. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.22 and a beta of 1.40. The firm’s 50-day moving average price is $101.63 and its two-hundred day moving average price is $99.97.

Copa (NYSE:CPAGet Free Report) last released its earnings results on Wednesday, May 15th. The transportation company reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.92. Copa had a return on equity of 36.59% and a net margin of 16.42%. The firm had revenue of $893.47 million during the quarter, compared to the consensus estimate of $866.73 million. During the same period in the prior year, the company posted $3.99 EPS. The company’s revenue was up 3.0% compared to the same quarter last year.

Institutional Trading of Copa

Several hedge funds and other institutional investors have recently made changes to their positions in CPA. TFO Wealth Partners LLC boosted its position in Copa by 34,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after buying an additional 343 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Copa in the fourth quarter worth $47,000. Hexagon Capital Partners LLC increased its holdings in Copa by 224.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 466 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Copa by 1,778.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 907 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after purchasing an additional 584 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $1.61 dividend. The ex-dividend date is Friday, May 31st. This represents a $6.44 annualized dividend and a yield of 6.62%. Copa’s dividend payout ratio is presently 46.33%.

About Copa

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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.

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Earnings History and Estimates for Copa (NYSE:CPA)

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