Copa Holdings, S.A. Declares Quarterly Dividend of $1.61 (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 1.61 per share by the transportation company on Friday, March 14th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Friday, February 28th.

Copa has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 37.2%.

Copa Trading Down 1.6 %

Shares of CPA stock opened at $93.26 on Wednesday. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a market cap of $3.92 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $91.19 and its two-hundred day moving average is $92.76.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Equities analysts predict that Copa will post 15.48 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group lifted 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 lowered Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Cowen reaffirmed a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $153.29.

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.