Copa (NYSE:CPA) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Copa (NYSE:CPA) issued its earnings results on Wednesday. The transportation company reported $3.99 earnings per share for the quarter, beating the consensus estimate of $3.84 by $0.15, Zacks reports. Copa had a net margin of 18.20% and a return on equity of 28.46%.

Copa Stock Up 0.9 %

Shares of Copa stock traded up $0.83 on Friday, hitting $95.63. The company had a trading volume of 45,352 shares, compared to its average volume of 284,606. The firm has a market capitalization of $4.02 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.68 and a beta of 1.44. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a 50-day moving average of $89.89 and a 200-day moving average of $92.12.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.