Brokers Offer Predictions for Copa’s Q4 Earnings (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) – Investment analysts at Zacks Research increased their Q4 2024 earnings estimates for shares of Copa in a report released on Wednesday, December 4th. Zacks Research analyst M. Basu now expects that the transportation company will earn $4.07 per share for the quarter, up from their prior forecast of $4.02. The consensus estimate for Copa’s current full-year earnings is $14.50 per share. Zacks Research also issued estimates for Copa’s Q3 2025 earnings at $3.49 EPS, Q4 2025 earnings at $2.97 EPS, FY2025 earnings at $14.66 EPS and Q1 2026 earnings at $4.32 EPS.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The company had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same period in the prior year, the firm posted $4.39 EPS. The business’s revenue was down 1.5% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, TD Cowen lowered their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Copa has a consensus rating of “Buy” and an average target price of $148.83.

Copa Price Performance

Copa stock opened at $89.63 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. The firm’s fifty day simple moving average is $97.10 and its 200-day simple moving average is $94.17. The company has a market capitalization of $3.53 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.71 and a beta of 1.45.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $1.61 dividend. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.19%. Copa’s dividend payout ratio (DPR) is 42.59%.

Institutional Trading of Copa

Institutional investors have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its stake in Copa by 14.9% during the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after buying an additional 116 shares in the last quarter. Deltec Asset Management LLC boosted its position in shares of Copa by 1.7% during the 2nd quarter. Deltec Asset Management LLC now owns 118,013 shares of the transportation company’s stock valued at $11,232,000 after acquiring an additional 1,942 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in Copa by 60.3% in the second quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company’s stock valued at $422,000 after acquiring an additional 1,667 shares during the period. Raymond James & Associates raised its position in Copa by 61.4% in the second quarter. Raymond James & Associates now owns 294,710 shares of the transportation company’s stock worth $28,050,000 after purchasing an additional 112,143 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Copa by 17.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 107,124 shares of the transportation company’s stock worth $10,196,000 after purchasing an additional 16,238 shares during the period. 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.