Zacks: Brokerages Expect Copa Holdings, S.A. (CPA) Will Post Earnings of $0.99 Per Share

Equities analysts expect that Copa Holdings, S.A. (NYSE:CPA) will announce earnings per share (EPS) of $0.99 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Copa’s earnings, with estimates ranging from $0.86 to $1.10. Copa posted earnings of $2.36 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 58.1%. The firm is expected to report its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Copa will report full year earnings of $6.76 per share for the current fiscal year, with EPS estimates ranging from $6.61 to $6.90. For the next year, analysts anticipate that the firm will post earnings of $6.79 per share, with EPS estimates ranging from $6.25 to $7.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Copa.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, November 14th. The transportation company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.06). Copa had a return on equity of 15.71% and a net margin of 12.79%. The company had revenue of $672.40 million for the quarter, compared to analysts’ expectations of $677.93 million. During the same quarter last year, the company earned $2.38 EPS. Copa’s revenue for the quarter was up 2.1% compared to the same quarter last year.

A number of analysts recently issued reports on CPA shares. Morgan Stanley set a $99.00 target price on Copa and gave the company a “buy” rating in a research report on Tuesday, September 18th. Buckingham Research raised Copa from a “neutral” rating to a “buy” rating and cut their target price for the stock from $103.00 to $95.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Copa to a “buy” rating and set a $100.00 price objective for the company. in a research note on Friday, November 23rd. Zacks Investment Research raised Copa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, ValuEngine raised Copa from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.50.

Large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in shares of Copa by 8.7% during the third quarter. Baillie Gifford & Co. now owns 3,165,519 shares of the transportation company’s stock worth $252,735,000 after acquiring an additional 253,414 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Copa by 22.4% during the second quarter. Renaissance Technologies LLC now owns 1,216,902 shares of the transportation company’s stock worth $115,143,000 after acquiring an additional 222,302 shares during the last quarter. Fairpointe Capital LLC increased its position in shares of Copa by 14.9% during the third quarter. Fairpointe Capital LLC now owns 1,057,421 shares of the transportation company’s stock worth $84,425,000 after acquiring an additional 136,813 shares during the last quarter. RWC Asset Management LLP increased its position in shares of Copa by 15.4% during the third quarter. RWC Asset Management LLP now owns 982,473 shares of the transportation company’s stock worth $78,441,000 after acquiring an additional 130,907 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Copa by 12.8% during the third quarter. BlackRock Inc. now owns 746,451 shares of the transportation company’s stock worth $59,594,000 after acquiring an additional 84,447 shares during the last quarter. 62.19% of the stock is currently owned by institutional investors.

NYSE:CPA opened at $79.21 on Friday. The stock has a market cap of $3.52 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62. Copa has a 1 year low of $67.38 and a 1 year high of $141.34. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, November 29th. Copa’s dividend payout ratio (DPR) is presently 40.18%.

About Copa

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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