Q2 2024 EPS Estimates for Copa Holdings, S.A. (NYSE:CPA) Cut by Analyst

Copa Holdings, S.A. (NYSE:CPA) – Stock analysts at Zacks Research cut their Q2 2024 earnings per share (EPS) estimates for shares of Copa in a report released on Tuesday, June 25th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings per share of $3.46 for the quarter, down from their prior forecast of $3.55. The consensus estimate for Copa’s current full-year earnings is $16.52 per share. Zacks Research also issued estimates for Copa’s Q4 2024 earnings at $4.66 EPS, FY2024 earnings at $16.57 EPS, Q1 2025 earnings at $5.03 EPS and Q1 2026 earnings at $4.09 EPS.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 15th. The transportation company reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.92. The firm had revenue of $893.47 million for the quarter, compared to the consensus estimate of $866.73 million. Copa had a net margin of 16.42% and a return on equity of 36.59%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.99 earnings per share.

Several other equities analysts also recently issued reports on CPA. Evercore ISI upped their target price on 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 report on Wednesday, June 19th. Morgan Stanley began coverage on shares of Copa in a research report on Friday, May 24th. They set an “overweight” rating and a $140.00 price target for the company. TD Cowen cut their price objective on shares of Copa from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Finally, Raymond James boosted their target price 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $154.67.

Copa Trading Up 0.6 %

Shares of Copa stock opened at $95.00 on Friday. Copa has a 12-month low of $78.12 and a 12-month high of $121.20. The firm’s 50 day simple moving average is $99.55 and its two-hundred day simple moving average is $100.10. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.21 and a beta of 1.48.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.78%. Copa’s dividend payout ratio (DPR) is currently 46.33%.

Institutional Investors Weigh In On Copa

Institutional investors have recently modified their holdings of the business. TFO Wealth Partners LLC boosted its position in Copa by 34,300.0% during the fourth 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 acquired a new stake in Copa in the 4th quarter valued at $47,000. Hexagon Capital Partners LLC increased its holdings 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 acquiring an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Copa by 1,778.4% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after acquiring an additional 907 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Copa by 45.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after acquiring an additional 584 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Company Profile

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.