Copa (CPA) to Release Earnings on Wednesday

Copa (NYSE:CPA) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $3.87 per share and revenue of $880.90 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Copa (NYSE:CPA) last posted its quarterly earnings data 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 net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same quarter in the prior year, the company posted $4.39 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts expect Copa to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Copa Stock Up 0.7 %

CPA stock opened at $90.82 on Wednesday. The firm’s 50-day moving average is $89.88 and its two-hundred day moving average is $92.16. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.09%. Copa’s payout ratio is 42.59%.

Analyst Ratings Changes

A number of analysts have recently commented on CPA shares. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $153.29.

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.