Copa Holdings, S.A. Expected to Post FY2024 Earnings of $15.47 Per Share (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) – Stock analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for shares of Copa in a research note issued on Wednesday, August 7th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $15.47 per share for the year, down from their previous forecast of $16.45. The consensus estimate for Copa’s current full-year earnings is $16.24 per share. Seaport Res Ptn also issued estimates for Copa’s FY2025 earnings at $17.50 EPS and FY2026 earnings at $18.25 EPS.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley initiated coverage on Copa in a report on Friday, May 24th. They set an “overweight” rating and a $140.00 price objective for the company. Evercore ISI dropped their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday. Finally, TD Cowen dropped their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $148.00.

Copa Stock Up 0.7 %

Shares of NYSE CPA opened at $88.12 on Friday. The firm’s 50-day simple moving average is $92.93 and its 200 day simple moving average is $98.07. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.47. 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 $114.00.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.11. The business had revenue of $819.40 million for the quarter, compared to the consensus estimate of $838.13 million. Copa had a net margin of 16.42% and a return on equity of 36.59%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.92 EPS.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $1.61 dividend. The ex-dividend date is Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.31%. Copa’s dividend payout ratio (DPR) is presently 46.33%.

Institutional Trading of Copa

A number of institutional investors and hedge funds have recently modified their holdings of CPA. TFO Wealth Partners LLC grew its position in shares of Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 343 shares during the period. Scarborough Advisors LLC acquired a new position in shares of Copa in the 4th quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its position in shares of Copa by 224.0% in the 4th 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. grew its position in shares of Copa by 1,778.4% in the 4th 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, Rhumbline Advisers boosted its position in Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after acquiring an additional 1,380 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

About Copa

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.