Copa (CPA) to Release Earnings on Wednesday

Copa (NYSE:CPAGet Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of $3.83 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Copa (NYSE:CPAGet Free Report) last released its earnings results on Thursday, November 16th. The transportation company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.77. Copa had a return on equity of 39.91% and a net margin of 12.07%. The business had revenue of $867.71 million during the quarter, compared to the consensus estimate of $870.57 million. During the same period last year, the business posted $2.91 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect Copa to post $16 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Copa Stock Performance

NYSE:CPA opened at $97.88 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.88. The business has a fifty day simple moving average of $99.06 and a two-hundred day simple moving average of $96.29. Copa has a 1 year low of $78.12 and a 1 year high of $121.20. The company has a market capitalization of $3.86 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.35 and a beta of 1.38.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Wednesday, November 29th. Copa’s dividend payout ratio is currently 31.36%.

Hedge Funds Weigh In On Copa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in Copa during the fourth quarter worth about $32,000. Advisory Services Network LLC grew its position in Copa by 1,560.7% during the first quarter. Advisory Services Network LLC now owns 465 shares of the transportation company’s stock worth $43,000 after buying an additional 437 shares in the last quarter. Captrust Financial Advisors grew its position in Copa by 136.8% during the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock worth $58,000 after buying an additional 398 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Copa by 16.2% during the first quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock worth $92,000 after buying an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Copa by 292.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,292 shares of the transportation company’s stock worth $107,000 after buying an additional 963 shares in the last quarter. 81.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TheStreet raised Copa from a “c+” rating to a “b” rating in a research report on Monday, December 18th. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Raymond James lifted their price target on Copa from $152.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, November 17th.

View Our Latest Analysis on Copa

Copa Company Profile

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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.

Further Reading

Earnings History for Copa (NYSE:CPA)

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