Q3 2024 EPS Estimates for Copa Holdings, S.A. (NYSE:CPA) Decreased by Zacks Research

Copa Holdings, S.A. (NYSE:CPA) – Equities research analysts at Zacks Research cut their Q3 2024 EPS estimates for Copa in a research report issued to clients and investors on Tuesday, June 25th. Zacks Research analyst S. Goswami now forecasts that the transportation company will post earnings of $4.26 per share for the quarter, down from their prior estimate 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.

A number of other analysts also recently weighed in on CPA. TD Cowen decreased their target price 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. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Morgan Stanley started coverage on Copa in a report on Friday, May 24th. They set an “overweight” rating and a $140.00 price target on the stock. Evercore ISI increased their price target on Copa from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Raymond James increased their target price on Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a report on Friday, May 17th. One 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. According to MarketBeat, Copa has an average rating of “Buy” and an average target price of $154.67.

Copa Stock Performance

Copa stock opened at $94.43 on Thursday. The business has a 50 day moving average of $99.65 and a 200-day moving average of $100.14. Copa has a 1 year low of $78.12 and a 1 year high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.99 and a quick ratio of 0.90. The company has a market capitalization of $3.72 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.21 and a beta of 1.48.

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

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $1.61 per share. 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 6.82%. Copa’s dividend payout ratio is currently 46.33%.

Institutional Investors Weigh In On Copa

A number of hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC grew its holdings 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 buying an additional 343 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Copa during the 4th quarter valued at approximately $47,000. Hexagon Capital Partners LLC boosted its position in shares of Copa by 224.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 466 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Copa by 1,778.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 907 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 584 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

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.