What is Zacks Research’s Forecast for Copa FY2024 Earnings?

Copa Holdings, S.A. (NYSE:CPA) – Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Copa in a research report issued to clients and investors on Thursday, January 9th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $14.62 for the year, down from their previous estimate of $14.64. 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 $4.66 EPS, Q2 2025 earnings at $3.22 EPS, Q3 2025 earnings at $3.78 EPS and Q4 2026 earnings at $4.65 EPS.

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

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $153.29.

Copa Price Performance

Shares of CPA opened at $87.36 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market cap of $3.44 billion, a PE ratio of 5.78, a PEG ratio of 0.72 and a beta of 1.44. The firm’s 50 day moving average price is $92.24 and its 200 day moving average price is $92.38. Copa has a twelve month low of $80.01 and a twelve month high of $114.00.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc boosted its position in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the period. Legend Financial Advisors Inc. boosted its holdings in Copa by 5.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after purchasing an additional 406 shares during the period. Quantinno Capital Management LP grew its position in Copa by 10.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after purchasing an additional 488 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Copa by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock worth $413,000 after purchasing an additional 569 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after purchasing an additional 610 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is 42.59%.

Copa Company Profile

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.