Copa (NYSE:CPA) Releases Earnings Results, Beats Expectations By $0.15 EPS

Copa (NYSE:CPA - Get Free Report) posted its earnings results on Wednesday. The transportation company reported $3.99 EPS for the quarter, beating analysts' consensus estimates of $3.84 by $0.15, Zacks reports. Copa had a net margin of 18.20% and a return on equity of 28.46%.

Copa Stock Up 3.1 %

Shares of CPA traded up $2.91 during midday trading on Friday, hitting $97.71. 511,619 shares of the company's stock traded hands, compared to its average volume of 281,865. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. Copa has a 1 year low of $80.01 and a 1 year high of $114.00. The firm's fifty day moving average is $90.06 and its 200-day moving average is $92.20.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, February 28th. Copa's payout ratio is presently 42.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One equities research 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's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus 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.