FY2024 Earnings Forecast for Copa Issued By Seaport Res Ptn

Copa Holdings, S.A. (NYSE:CPA) – Analysts at Seaport Res Ptn dropped their FY2024 EPS estimates for shares of Copa in a report released on Thursday, November 21st. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $14.67 for the year, down from their prior estimate of $15.47. The consensus estimate for Copa’s current full-year earnings is $14.60 per share. Seaport Res Ptn also issued estimates for Copa’s Q1 2025 earnings at $5.00 EPS, Q2 2025 earnings at $3.30 EPS, Q3 2025 earnings at $3.90 EPS, Q4 2025 earnings at $4.70 EPS, FY2025 earnings at $16.90 EPS and FY2027 earnings at $19.50 EPS.

A number of other research firms have also issued reports on CPA. 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Evercore ISI lowered their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Copa presently has a consensus rating of “Buy” and a consensus price target of $148.83.

Copa Price Performance

Shares of NYSE CPA opened at $94.30 on Monday. The stock has a market cap of $3.72 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.73 and a beta of 1.48. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The stock has a 50 day moving average of $97.07 and a two-hundred day moving average of $94.88. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Monday, December 2nd. Copa’s dividend payout ratio is currently 42.59%.

Institutional Investors Weigh In On Copa

A number of large investors have recently added to or reduced their stakes in the business. Optimist Retirement Group LLC purchased a new position in shares of Copa during the 3rd quarter worth approximately $240,000. TT International Asset Management LTD acquired a new stake in Copa during the 3rd quarter valued at $4,723,000. Barclays PLC increased its position in Copa by 44.2% during the third quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock worth $2,319,000 after buying an additional 7,576 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Copa in the third quarter worth $9,764,000. Finally, Two Sigma Advisers LP lifted its position in shares of Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after acquiring an additional 91,805 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

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.