FY2024 Earnings Estimate for Copa Issued By Seaport Res Ptn

Copa Holdings, S.A. (NYSE:CPA) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for Copa in a research report issued on Thursday, November 21st. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $14.67 per share for the year, down from their previous estimate of $15.47. The consensus estimate for Copa’s current full-year earnings is $14.65 per share. Seaport Res Ptn also issued estimates for Copa’s Q1 2025 earnings at $5.00 EPS, Q2 2025 earnings at $3.30 EPS, Q3 2025 earnings at $3.90 EPS, Q4 2025 earnings at $4.70 EPS, FY2025 earnings at $16.90 EPS and FY2027 earnings at $19.50 EPS.

CPA has been the subject of a number of other reports. Evercore ISI lowered their target price on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $148.83.

Copa Price Performance

Shares of Copa stock opened at $93.37 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The stock has a 50 day moving average of $96.99 and a 200 day moving average of $94.95. The firm has a market cap of $3.68 billion, a PE ratio of 6.18, a PEG ratio of 0.58 and a beta of 1.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc boosted its holdings in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Copa in the third quarter worth about $82,000. Hexagon Capital Partners LLC increased its stake in Copa by 14.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after buying an additional 116 shares during the period. Rhumbline Advisers increased its stake in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after buying an additional 1,380 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after buying an additional 610 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $1.61 per share. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 6.90%. Copa’s payout ratio is 42.59%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.