Zacks: Analysts Anticipate Copa Holdings, S.A. (CPA) to Post $1.83 Earnings Per Share

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Wall Street analysts forecast that Copa Holdings, S.A. (NYSE:CPA) will report $1.83 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Copa’s earnings. The lowest EPS estimate is $1.30 and the highest is $2.22. Copa posted earnings of $2.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Copa will report full-year earnings of $8.48 per share for the current financial year, with EPS estimates ranging from $7.00 to $9.30. For the next fiscal year, analysts anticipate that the firm will post earnings of $9.54 per share, with EPS estimates ranging from $7.10 to $10.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Copa.

Copa (NYSE:CPA) last released its earnings results on Wednesday, August 8th. The transportation company reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.10). The company had revenue of $634.10 million for the quarter, compared to analysts’ expectations of $659.06 million. Copa had a net margin of 14.58% and a return on equity of 18.08%. Copa’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share.

Several research firms recently weighed in on CPA. Cowen lowered their target price on Copa from $130.00 to $100.00 and set a “market perform” rating on the stock in a research report on Friday, August 10th. Stifel Nicolaus downgraded Copa from a “hold” rating to a “sell” rating and lowered their price objective for the company from $100.00 to $70.00 in a research report on Thursday, August 9th. Buckingham Research downgraded Copa from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $165.00 to $103.00 in a research report on Wednesday, July 11th. Goldman Sachs Group started coverage on Copa in a research report on Monday, July 16th. They issued a “buy” rating and a $144.00 price objective on the stock. Finally, Zacks Investment Research downgraded Copa from a “hold” rating to a “strong sell” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.22.

Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Copa in the fourth quarter worth about $134,000. Wells Fargo & Company MN increased its holdings in shares of Copa by 56.1% in the first quarter. Wells Fargo & Company MN now owns 177,926 shares of the transportation company’s stock worth $22,887,000 after purchasing an additional 63,938 shares during the last quarter. Dorsey Wright & Associates increased its holdings in shares of Copa by 36.3% in the first quarter. Dorsey Wright & Associates now owns 76,978 shares of the transportation company’s stock worth $9,630,000 after purchasing an additional 20,492 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Copa by 503.2% in the first quarter. Trexquant Investment LP now owns 14,140 shares of the transportation company’s stock worth $1,819,000 after purchasing an additional 11,796 shares during the last quarter. Finally, RWC Asset Management LLP increased its holdings in shares of Copa by 454.2% in the first quarter. RWC Asset Management LLP now owns 461,300 shares of the transportation company’s stock worth $59,337,000 after purchasing an additional 378,064 shares during the last quarter. Institutional investors and hedge funds own 64.40% of the company’s stock.

NYSE CPA traded up $0.63 on Friday, hitting $76.54. 460,600 shares of the company traded hands, compared to its average volume of 323,272. The company has a market capitalization of $3.20 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.04. Copa has a 52-week low of $74.77 and a 52-week high of $141.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a $0.87 dividend. The ex-dividend date is Thursday, August 30th. This represents a $3.48 annualized dividend and a dividend yield of 4.55%. Copa’s payout ratio is 40.18%.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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