Copa Holdings, S.A. (CPA) to Issue Quarterly Dividend of $1.61 on March 14th

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 1.61 per share by the transportation company on Friday, March 14th. This represents a $6.44 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Friday, February 28th.

Copa has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Copa to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 37.2%.

Copa Stock Down 1.6 %

CPA stock opened at $93.26 on Wednesday. The firm’s 50-day moving average is $91.19 and its two-hundred day moving average is $92.76. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. Copa has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPA has been the subject of several research reports. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Cowen reiterated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Copa presently has a consensus rating of “Buy” and an average price target of $153.29.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.