Copa (CPA) Expected to Announce Quarterly Earnings on Wednesday

Copa (NYSE:CPA - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $3.84 per share and revenue of $880.65 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million for the quarter, compared to analysts' expectations of $864.90 million. During the same quarter in the previous year, the firm posted $4.39 EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect Copa to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Copa Stock Performance

CPA stock traded up $0.67 during midday trading on Friday, reaching $91.81. 208,789 shares of the company's stock traded hands, compared to its average volume of 281,865. The company has a 50-day moving average price of $89.77 and a two-hundred day moving average price of $92.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The firm has a market capitalization of $3.86 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 7.01%. Copa's payout ratio is 42.59%.

Analysts Set New Price Targets

CPA has been the topic of several research analyst reports. UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Copa currently has an average rating of "Buy" and an average target price 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.