Research Analysts Set Expectations for Copa FY2024 Earnings

Copa Holdings, S.A. (NYSE:CPA - Free Report) - Equities research analysts at Seaport Res Ptn dropped their FY2024 EPS estimates for shares of Copa in a report issued on Thursday, November 21st. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $14.67 for the year, down from their prior forecast of $15.47. The consensus estimate for Copa's current full-year earnings is $14.60 per share. Seaport Res Ptn also issued estimates for Copa's Q1 2025 earnings at $5.00 EPS, Q2 2025 earnings at $3.30 EPS, Q3 2025 earnings at $3.90 EPS, Q4 2025 earnings at $4.70 EPS, FY2025 earnings at $16.90 EPS and FY2027 earnings at $19.50 EPS.

Several other research analysts also recently commented on the company. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research note on Saturday, November 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. 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, August 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $148.83.

Copa Stock Performance

NYSE CPA traded up $0.93 during trading on Monday, reaching $94.30. 690,179 shares of the company's stock were exchanged, compared to its average volume of 287,580. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The business has a 50 day moving average price of $97.07 and a 200-day moving average price of $94.88. The stock has a market capitalization of $3.72 billion, a P/E ratio of 6.24, a PEG ratio of 0.73 and a beta of 1.48. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bell Investment Advisors Inc increased its position in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa during the third quarter worth $82,000. Hexagon Capital Partners LLC lifted its stake in shares of Copa by 14.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company's stock valued at $85,000 after acquiring an additional 116 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock valued at $132,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in Copa during the 3rd quarter worth $240,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend is Monday, December 2nd. Copa's dividend payout ratio is presently 42.59%.

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.