Copa Holdings, S.A. (NYSE:CPA) Expected to Post Earnings of $0.41 Per Share

Equities analysts expect that Copa Holdings, S.A. (NYSE:CPAGet Rating) will announce $0.41 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Copa’s earnings, with estimates ranging from $0.19 to $0.74. Copa posted earnings of ($0.38) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 207.9%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Copa will report full-year earnings of $4.88 per share for the current year, with EPS estimates ranging from $4.03 to $5.65. For the next year, analysts expect that the company will report earnings of $8.79 per share, with EPS estimates ranging from $6.47 to $11.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Copa.

Copa (NYSE:CPAGet Rating) last announced its earnings results on Wednesday, May 11th. The transportation company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. Copa had a net margin of 8.99% and a return on equity of 10.16%. During the same quarter in the prior year, the business earned ($2.23) earnings per share.

A number of research firms have recently commented on CPA. Barclays upgraded shares of Copa from an “underweight” rating to an “overweight” rating and set a $96.00 price target on the stock in a report on Friday, May 13th. They noted that the move was a valuation call. The Goldman Sachs Group increased their price target on shares of Copa from $121.00 to $136.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. HSBC upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, February 15th. StockNews.com began coverage on shares of Copa in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Raymond James cut their price target on shares of Copa from $115.00 to $110.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $101.13.

Shares of NYSE:CPA traded up $0.40 during trading on Friday, reaching $70.75. 232,275 shares of the stock traded hands, compared to its average volume of 479,543. The stock has a 50-day moving average of $75.10 and a two-hundred day moving average of $78.56. Copa has a 52-week low of $64.12 and a 52-week high of $97.63. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.11 and a current ratio of 1.10. The stock has a market cap of $2.97 billion, a P/E ratio of 17.64 and a beta of 1.41.

Several institutional investors have recently modified their holdings of CPA. Counterpoint Mutual Funds LLC purchased a new position in shares of Copa during the 4th quarter worth $30,000. Penserra Capital Management LLC boosted its stake in shares of Copa by 88.1% during the 3rd quarter. Penserra Capital Management LLC now owns 600 shares of the transportation company’s stock worth $48,000 after acquiring an additional 281 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Copa by 136.8% during the 1st quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock worth $58,000 after acquiring an additional 398 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Copa during the 3rd quarter valued at $71,000. Finally, Advisor Group Holdings Inc. raised its position in shares of Copa by 17.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 932 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

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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