Brokerages expect that Copa Holdings, S.A. (NYSE:CPA) will report $700.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Copa’s earnings, with estimates ranging from $698.30 million to $702.00 million. Copa reported sales of $616.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The firm is expected to report its next quarterly earnings report on Wednesday, May 9th.
On average, analysts expect that Copa will report full-year sales of $700.15 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.86 billion. For the next year, analysts anticipate that the business will post sales of $3.09 billion per share, with estimates ranging from $3.08 billion to $3.10 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Copa.
Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 21st. The transportation company reported $2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.03. The business had revenue of $675.58 million for the quarter, compared to analyst estimates of $666.96 million. Copa had a net margin of 14.64% and a return on equity of 18.25%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS.
Several research firms recently issued reports on CPA. Zacks Investment Research lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen reiterated a “market perform” rating and set a $140.00 price target (up previously from $137.00) on shares of Copa in a research report on Friday, February 23rd. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a research report on Monday, December 4th. Buckingham Research reissued a “buy” rating and issued a $165.00 price objective (up previously from $163.00) on shares of Copa in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Copa from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Copa presently has an average rating of “Hold” and a consensus target price of $145.38.
Copa (NYSE CPA) traded up $1.35 during midday trading on Tuesday, hitting $137.64. 50,295 shares of the company traded hands, compared to its average volume of 226,277. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.06. The firm has a market cap of $5,818.45, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.80. Copa has a twelve month low of $106.10 and a twelve month high of $141.34.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a $0.87 dividend. This is an increase from Copa’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 2nd. This represents a $3.48 annualized dividend and a yield of 2.53%. Copa’s dividend payout ratio is presently 39.86%.
Large investors have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in Copa in the 4th quarter valued at approximately $126,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Copa during the fourth quarter valued at $134,000. Castleark Management LLC bought a new position in shares of Copa during the fourth quarter valued at $147,000. Envestnet Asset Management Inc. raised its stake in shares of Copa by 60.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,371 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 519 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Copa during the fourth quarter valued at $201,000. 64.92% of the stock is owned by institutional investors and hedge funds.
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Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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