FY2024 Earnings Forecast for Copa Issued By Zacks Research

Copa Holdings, S.A. (NYSE:CPA - Free Report) - Analysts at Zacks Research lowered their FY2024 earnings estimates for Copa in a research report issued to clients and investors on Thursday, January 9th. Zacks Research analyst M. Basu now expects that the transportation company will earn $14.62 per share for the year, down from their previous forecast of $14.64. The consensus estimate for Copa's current full-year earnings is $14.48 per share. Zacks Research also issued estimates for Copa's Q1 2025 earnings at $4.66 EPS, Q2 2025 earnings at $3.22 EPS, Q3 2025 earnings at $3.78 EPS and Q4 2026 earnings at $4.65 EPS.

A number of other equities research analysts have also recently issued reports on CPA. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a report on Monday, November 25th. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $153.29.

Copa Stock Performance

Shares of NYSE CPA traded up $1.08 during trading hours on Monday, hitting $88.40. 385,404 shares of the stock were exchanged, compared to its average volume of 270,415. Copa has a one year low of $80.01 and a one year high of $114.00. The company's 50 day moving average is $92.24 and its 200 day moving average is $92.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market capitalization of $3.48 billion, a P/E ratio of 5.85, a P/E/G ratio of 0.72 and a beta of 1.44.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $864.90 million. During the same period last year, the business earned $4.39 EPS. The firm's revenue was down 1.5% compared to the same quarter last year.

Institutional Trading of Copa

Institutional investors and hedge funds have recently modified their holdings of the company. Coronation Fund Managers Ltd. increased its holdings in Copa by 60.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company's stock valued at $422,000 after buying an additional 1,667 shares during the period. Bank of New York Mellon Corp lifted its stake in Copa by 15.1% during the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company's stock worth $413,000 after purchasing an additional 569 shares during the period. Rhumbline Advisers grew its stake in shares of 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. Qsemble Capital Management LP acquired a new position in shares of Copa in the 2nd quarter worth approximately $268,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Copa by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company's stock worth $78,950,000 after buying an additional 65,525 shares during the period. 70.09% of the stock is currently owned by institutional investors.

Copa Announces Dividend

The company also recently declared 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 7.29%. Copa's dividend payout ratio is 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.