Zacks Research Comments on Copa’s FY2024 Earnings (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) – Equities researchers at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Copa in a report released on Wednesday, December 4th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings of $14.64 per share for the year, down from their previous forecast of $14.77. 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 $4.90 EPS, Q2 2025 earnings at $3.29 EPS, Q2 2026 earnings at $4.14 EPS, Q3 2026 earnings at $4.29 EPS and FY2026 earnings at $17.42 EPS.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The firm had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. During the same period in the previous year, the company earned $4.39 EPS. Copa’s revenue for the quarter was down 1.5% on a year-over-year basis.

Several other brokerages have also recently issued reports on CPA. JPMorgan Chase & Co. lowered their price objective on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $148.83.

Copa Stock Up 1.0 %

Shares of NYSE CPA opened at $88.45 on Monday. Copa has a 52-week low of $80.01 and a 52-week high of $114.00. The firm has a fifty day moving average of $96.78 and a 200-day moving average of $93.76. The stock has a market capitalization of $3.49 billion, a PE ratio of 5.85, a P/E/G ratio of 0.70 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $1.61 dividend. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.28%. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPA. Optimist Retirement Group LLC acquired a new position in Copa in the 3rd quarter valued at $240,000. TT International Asset Management LTD bought a new position in Copa during the 3rd quarter valued at about $4,723,000. Barclays PLC lifted its holdings in Copa by 44.2% during the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 7,576 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Copa during the 3rd quarter valued at about $9,764,000. Finally, Two Sigma Advisers LP lifted its holdings in Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after purchasing an additional 91,805 shares during the last quarter. Institutional investors and hedge funds 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 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.