Analysts Anticipate Copa Holdings, S.A. (NYSE:CPA) to Post $2.43 Earnings Per Share

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Brokerages expect Copa Holdings, S.A. (NYSE:CPA) to announce $2.43 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Copa’s earnings, with estimates ranging from $2.14 to $2.65. Copa posted earnings of $1.36 per share in the same quarter last year, which would suggest a positive year over year growth rate of 78.7%. The firm is scheduled to announce its next earnings results on Wednesday, November 13th.

According to Zacks, analysts expect that Copa will report full year earnings of $7.86 per share for the current year, with EPS estimates ranging from $6.84 to $8.23. For the next fiscal year, analysts anticipate that the business will post earnings of $9.77 per share, with EPS estimates ranging from $8.63 to $11.00. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Copa.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.15. Copa had a net margin of 1.59% and a return on equity of 12.35%. The business had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $625.92 million. During the same quarter last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several equities analysts recently weighed in on CPA shares. JPMorgan Chase & Co. raised their price target on shares of Copa from $105.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, July 3rd. Barclays started coverage on shares of Copa in a research report on Monday, July 29th. They issued an “overweight” rating and a $122.00 price target on the stock. TheStreet cut shares of Copa from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Evercore ISI raised shares of Copa from an “in-line” rating to an “outperform” rating and raised their price target for the company from $110.00 to $115.00 in a research report on Tuesday, August 27th. Finally, Stifel Nicolaus raised their price target on shares of Copa from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $109.09.

Several institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new position in shares of Copa during the 3rd quarter worth approximately $126,000. First Hawaiian Bank bought a new position in shares of Copa during the 3rd quarter worth approximately $539,000. Provida Pension Fund Administrator bought a new position in shares of Copa during the 2nd quarter worth approximately $28,135,000. Atria Investments LLC bought a new position in shares of Copa during the 2nd quarter worth approximately $253,000. Finally, Royal Bank of Canada lifted its position in shares of Copa by 4.8% during the 2nd quarter. Royal Bank of Canada now owns 99,079 shares of the transportation company’s stock worth $9,666,000 after buying an additional 4,499 shares in the last quarter. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CPA traded down $1.06 during trading hours on Wednesday, hitting $98.84. The company’s stock had a trading volume of 257,549 shares, compared to its average volume of 350,104. Copa has a 52 week low of $67.38 and a 52 week high of $113.62. The company has a market capitalization of $4.23 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67. The company’s 50-day simple moving average is $99.44 and its two-hundred day simple moving average is $94.29.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, August 29th. This represents a $2.60 annualized dividend and a dividend yield of 2.63%. Copa’s dividend payout ratio is currently 39.88%.

About Copa

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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