Copa Holdings, S.A. (NYSE:CPA - Free Report) - Equities research analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for Copa in a research note issued to investors on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn $14.42 per share for the year, down from their prior forecast of $14.67. The consensus estimate for Copa's current full-year earnings is $14.48 per share. Seaport Res Ptn also issued estimates for Copa's Q4 2024 earnings at $3.85 EPS, Q3 2025 earnings at $3.80 EPS and Q4 2025 earnings at $4.50 EPS.
Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business had revenue of $854.71 million during the quarter, compared to analyst estimates of $864.90 million. During the same period last year, the company earned $4.39 earnings per share. Copa's quarterly revenue was down 1.5% compared to the same quarter last year.
Several other equities analysts have also weighed in on CPA. JPMorgan Chase & Co. cut their price objective on shares of Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Monday, November 25th. One investment 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 company's stock. According to MarketBeat.com, Copa currently has a consensus rating of "Buy" and a consensus target price of $148.83.
Check Out Our Latest Stock Report on CPA
Copa Stock Up 0.3 %
Shares of Copa stock traded up $0.27 during trading on Friday, hitting $88.87. 298,375 shares of the stock traded hands, compared to its average volume of 294,570. The stock has a market cap of $3.50 billion, a P/E ratio of 5.88, a PEG ratio of 0.72 and a beta of 1.45. The company has a fifty day moving average price of $95.84 and a two-hundred day moving average price of $93.30. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09.
Institutional Trading of Copa
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its position in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after acquiring an additional 143 shares during the period. Point72 Hong Kong Ltd bought a new stake in Copa in the 3rd quarter valued at $82,000. Rhumbline Advisers boosted its holdings in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock valued at $132,000 after purchasing an additional 1,380 shares during the period. Optimist Retirement Group LLC acquired a new stake in Copa in the 3rd quarter worth $240,000. Finally, Mackenzie Financial Corp increased its holdings in shares of Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock worth $256,000 after purchasing an additional 610 shares during the period. 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 was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.25%. Copa's payout ratio is 42.59%.
About Copa
(
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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.
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