Equities research analysts expect Copa Holdings, S.A. (NYSE:CPA) to report sales of $194.31 million for the current quarter, Zacks reports. Three analysts have issued estimates for Copa’s earnings, with the highest sales estimate coming in at $199.42 million and the lowest estimate coming in at $190.50 million. Copa posted sales of $595.45 million in the same quarter last year, which suggests a negative year-over-year growth rate of 67.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 5th.
According to Zacks, analysts expect that Copa will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $1.23 billion to $1.81 billion. For the next year, analysts anticipate that the business will post sales of $2.24 billion, with estimates ranging from $2.06 billion to $2.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Copa.
Copa (NYSE:CPA) last posted its quarterly earnings data on Tuesday, February 9th. The transportation company reported ($2.00) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.15) by $0.15. The firm had revenue of $158.64 million during the quarter, compared to analysts’ expectations of $152.20 million. Copa had a negative net margin of 32.25% and a negative return on equity of 4.01%. The firm’s quarterly revenue was down 76.7% on a year-over-year basis. During the same quarter last year, the company posted $2.17 EPS.
A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Copa from $53.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, November 20th. Raymond James raised their price target on shares of Copa from $60.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, December 10th. Deutsche Bank Aktiengesellschaft cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Thursday, January 28th. UBS Group cut shares of Copa from a “buy” rating to a “neutral” rating and raised their price target for the company from $87.00 to $90.00 in a research report on Thursday, December 17th. Finally, Zacks Investment Research cut shares of Copa from a “hold” rating to a “strong sell” rating and set a $69.00 price target for the company. in a research report on Wednesday, February 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Copa currently has a consensus rating of “Hold” and an average price target of $75.27.
Shares of NYSE:CPA traded up $0.77 during mid-day trading on Thursday, reaching $89.17. 8,742 shares of the company were exchanged, compared to its average volume of 509,608. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.46 and a quick ratio of 1.37. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -8.87, a P/E/G ratio of 8.21 and a beta of 1.63. The firm’s 50-day simple moving average is $78.96 and its 200 day simple moving average is $66.31. Copa has a 1 year low of $24.00 and a 1 year high of $103.56.
A number of hedge funds and other institutional investors have recently bought and sold shares of CPA. Itau Unibanco Holding S.A. acquired a new position in Copa in the fourth quarter valued at $33,000. FIL Ltd increased its stake in Copa by 155.9% in the fourth quarter. FIL Ltd now owns 1,416,817 shares of the transportation company’s stock valued at $109,421,000 after purchasing an additional 863,156 shares during the period. MARSHALL WACE ASIA Ltd increased its stake in Copa by 93.7% in the fourth quarter. MARSHALL WACE ASIA Ltd now owns 1,041,952 shares of the transportation company’s stock valued at $80,470,000 after purchasing an additional 503,956 shares during the period. Sprucegrove Investment Management Ltd. increased its stake in Copa by 18.4% in the third quarter. Sprucegrove Investment Management Ltd. now owns 2,751,764 shares of the transportation company’s stock valued at $138,524,000 after purchasing an additional 427,000 shares during the period. Finally, BlackRock Inc. increased its stake in Copa by 22.5% in the fourth quarter. BlackRock Inc. now owns 2,080,775 shares of the transportation company’s stock valued at $160,698,000 after purchasing an additional 382,635 shares during the period.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 80 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of December 31, 2019, it operated a fleet of 102 aircraft comprising 82 Boeing 737-Next Generation, 14 Embraer 190, and six Boeing 737 MAX 9 aircraft.
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