Analysts forecast that Copa Holdings, S.A. (NYSE:CPA) will report sales of $700.15 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Copa’s earnings, with estimates ranging from $698.30 million to $702.00 million. Copa posted sales of $616.72 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The firm is scheduled to report its next 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 fiscal year, analysts expect that the firm will report 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 sell-side research firms that cover Copa.
Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 21st. The transportation company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.03. The business had revenue of $675.58 million for the quarter, compared to the consensus estimate of $666.96 million. Copa had a net margin of 14.64% and a return on equity of 18.25%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS.
Copa (NYSE:CPA) opened at $137.00 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The company has a market cap of $5,770.00, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.86 and a beta of 1.80. Copa has a 12-month low of $104.59 and a 12-month high of $141.34.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from Copa’s previous quarterly dividend of $0.75. Copa’s payout ratio is presently 39.91%.
Several institutional investors have recently modified their holdings of CPA. Nationwide Fund Advisors grew its position in shares of Copa by 23.6% in the 3rd quarter. Nationwide Fund Advisors now owns 215,158 shares of the transportation company’s stock worth $26,794,000 after buying an additional 41,130 shares during the last quarter. Jennison Associates LLC purchased a new stake in Copa during the 3rd quarter worth approximately $1,708,000. BNP Paribas Arbitrage SA grew its position in Copa by 32.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 29,384 shares of the transportation company’s stock worth $3,659,000 after purchasing an additional 7,228 shares during the last quarter. Dorsey Wright & Associates grew its position in Copa by 48.0% during the 3rd quarter. Dorsey Wright & Associates now owns 41,107 shares of the transportation company’s stock worth $5,156,000 after purchasing an additional 13,333 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Copa during the 3rd quarter worth approximately $4,884,000. 64.92% of the stock is currently owned by hedge funds and other institutional investors.
Copa 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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