Copa (CPA) to Release Quarterly Earnings on Wednesday

Copa (NYSE:CPA – Get Rating) will be posting its quarterly earnings results after the market closes on Wednesday, May 11th. Analysts expect Copa to post earnings of $0.45 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Copa (NYSE:CPA – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The transportation company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.83. The firm had revenue of $575.00 million during the quarter, compared to analyst estimates of $546.22 million. Copa had a return on equity of 0.22% and a net margin of 2.65%. During the same period in the previous year, the company posted ($2.00) EPS. On average, analysts expect Copa to post $5 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of CPA opened at $74.13 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.18. The stock has a 50 day moving average price of $78.16 and a two-hundred day moving average price of $79.63. The firm has a market capitalization of $3.11 billion, a P/E ratio of 78.86 and a beta of 1.41. Copa has a 52 week low of $64.47 and a 52 week high of $97.63.

A number of institutional investors have recently bought and sold shares of CPA. BlackRock Inc. lifted its stake in Copa by 6.1% in the fourth quarter. BlackRock Inc. now owns 2,614,172 shares of the transportation company’s stock valued at $216,088,000 after purchasing an additional 150,759 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Copa in the fourth quarter valued at approximately $4,719,000. Morgan Stanley lifted its stake in Copa by 4.2% in the second quarter. Morgan Stanley now owns 1,065,424 shares of the transportation company’s stock valued at $80,259,000 after purchasing an additional 42,925 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Copa in the fourth quarter valued at approximately $3,422,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Copa in the fourth quarter valued at approximately $1,174,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

A number of analysts have commented on the company. StockNews.com assumed coverage on Copa in a report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James decreased their price objective on Copa from $115.00 to $110.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 13th. Barclays boosted their target price on Copa from $82.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 23rd. HSBC upgraded Copa from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Tuesday, February 15th. Finally, The Goldman Sachs Group boosted their target price on Copa from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $102.13.

Copa Company Profile (Get Rating)

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.

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