Research Analysts Set Expectations for Copa Holdings, S.A.’s Q3 2024 Earnings (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) – Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for Copa in a report released on Tuesday, June 25th. Zacks Research analyst S. Goswami now forecasts that the transportation company will earn $4.26 per share for the quarter, down from their previous forecast of $4.29. The consensus estimate for Copa’s current full-year earnings is $16.52 per share. Zacks Research also issued estimates for Copa’s Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $4.53 EPS and FY2025 earnings at $17.70 EPS.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 15th. The transportation company reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.92. The firm had revenue of $893.47 million during 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 firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.99 earnings per share.

Several other equities analysts also recently weighed in on CPA. TD Cowen dropped their target price on shares of Copa from $160.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Evercore ISI boosted their target price on shares of Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Morgan Stanley initiated coverage on shares of Copa in a report on Friday, May 24th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Raymond James upped their target price on shares of Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $154.67.

Copa Trading Up 0.6 %

Shares of Copa stock opened at $95.00 on Thursday. The company has a 50-day moving average of $99.55 and a two-hundred day moving average of $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 stock has a market cap of $3.74 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.21 and a beta of 1.48. Copa has a 12-month low of $78.12 and a 12-month high of $121.20.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $1.61 per share. The ex-dividend date was Friday, May 31st. This represents a $6.44 annualized dividend and a dividend yield of 6.78%. Copa’s payout ratio is currently 46.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sciencast Management LP grew its position in Copa by 4.0% in the first quarter. Sciencast Management LP now owns 2,627 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 100 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 102 shares during the last quarter. SPC Financial Inc. raised its holdings in shares of Copa by 1.1% during the first quarter. SPC Financial Inc. now owns 11,845 shares of the transportation company’s stock worth $1,234,000 after purchasing an additional 130 shares during the period. Coronation Fund Managers Ltd. lifted its holdings in Copa by 11.3% in the first quarter. Coronation Fund Managers Ltd. now owns 2,763 shares of the transportation company’s stock worth $288,000 after acquiring an additional 280 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Copa by 34,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 343 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.