Seaport Res Ptn Comments on Copa Holdings, S.A.’s Q3 2024 Earnings (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) – Analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for Copa in a research note issued to investors on Monday, July 22nd. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of $4.65 for the quarter, down from their previous forecast of $4.70. The consensus estimate for Copa’s current full-year earnings is $16.23 per share. Seaport Res Ptn also issued estimates for Copa’s Q4 2024 earnings at $4.75 EPS and FY2026 earnings at $18.50 EPS.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI boosted their price objective on shares of Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Raymond James boosted their price objective on shares of Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a research report on Friday, May 17th. Morgan Stanley started coverage on shares of Copa in a research report on Friday, May 24th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, TD Cowen cut their price objective on shares of Copa from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average price target of $157.60.

Copa Trading Down 0.4 %

NYSE:CPA opened at $91.34 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58. Copa has a 12 month low of $78.12 and a 12 month high of $121.20. The company has a market cap of $3.60 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 0.44 and a beta of 1.47. The company has a 50 day simple moving average of $95.81 and a two-hundred day simple moving average of $98.60.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 15th. The transportation company reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.92. Copa had a net margin of 16.42% and a return on equity of 36.59%. The business had revenue of $893.47 million during the quarter, compared to the consensus estimate of $866.73 million. During the same quarter in the previous year, the firm posted $3.99 EPS. The firm’s revenue was up 3.0% on a year-over-year basis.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend was Friday, May 31st. Copa’s payout ratio is currently 46.33%.

Institutional Trading of Copa

Several hedge funds have recently bought and sold shares of CPA. TFO Wealth Partners LLC lifted its stake in Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after purchasing an additional 343 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Copa in the 4th quarter worth $47,000. Hexagon Capital Partners LLC lifted its stake in Copa by 224.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock worth $72,000 after purchasing an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Copa by 1,778.4% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after purchasing an additional 907 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Copa by 45.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after purchasing an additional 584 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.