Copa Holdings, S.A. (CPA) Expected to Post Earnings of $1.40 Per Share
Equities research analysts predict that Copa Holdings, S.A. (NYSE:CPA) will post earnings per share of $1.40 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Copa Holdings,’s earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.52. Copa Holdings, posted earnings of $0.51 per share in the same quarter last year, which indicates a positive year over year growth rate of 174.5%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, August 9th.
On average, analysts expect that Copa Holdings, will report full year earnings of $8.50 per share for the current year, with EPS estimates ranging from $8.15 to $9.04. For the next year, analysts expect that the firm will report earnings of $9.82 per share, with EPS estimates ranging from $8.90 to $10.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Copa Holdings,.
Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, May 10th. The transportation company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.09. The company had revenue of $616.70 million during the quarter, compared to analyst estimates of $621.16 million. Copa Holdings, had a net margin of 14.32% and a return on equity of 13.23%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share.
CPA has been the topic of several research reports. Zacks Investment Research upgraded shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Tuesday, April 18th. ValuEngine upgraded shares of Copa Holdings, from a “hold” rating to a “buy” rating in a report on Friday, May 19th. BidaskClub upgraded shares of Copa Holdings, from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $137.00 price target (up previously from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $104.77.
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Several large investors have recently modified their holdings of CPA. Pictet Asset Management Ltd. purchased a new stake in Copa Holdings, during the first quarter worth $191,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Copa Holdings, during the first quarter worth $213,000. HighTower Advisors LLC purchased a new stake in Copa Holdings, during the first quarter worth $219,000. Global X Management Co. LLC raised its stake in Copa Holdings, by 0.9% in the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock worth $235,000 after buying an additional 17 shares in the last quarter. Finally, US Bancorp DE raised its stake in Copa Holdings, by 50.4% in the second quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock worth $260,000 after buying an additional 744 shares in the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Copa Holdings, (NYSE:CPA) traded down 0.64% during mid-day trading on Tuesday, reaching $126.21. 86,242 shares of the company traded hands. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 16.65 and a beta of 1.80. Copa Holdings, has a 52 week low of $72.50 and a 52 week high of $133.70. The firm has a 50-day moving average price of $121.85 and a 200 day moving average price of $112.30.
Copa Holdings, Company Profile
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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