$2.31 Earnings Per Share Expected for Copa Holdings, S.A. (CPA) This Quarter
Equities research analysts forecast that Copa Holdings, S.A. (NYSE:CPA) will report earnings of $2.31 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Copa Holdings,’s earnings, with estimates ranging from $2.16 to $2.40. Copa Holdings, reported earnings of $1.66 per share in the same quarter last year, which suggests a positive year over year growth rate of 39.2%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, May 10th.
According to Zacks, analysts expect that Copa Holdings, will report full year earnings of $7.73 per share for the current fiscal year, with EPS estimates ranging from $7.20 to $8.39. For the next financial year, analysts forecast that the business will report earnings of $9.04 per share, with EPS estimates ranging from $7.80 to $9.97. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Copa Holdings,.
Copa Holdings, (NYSE:CPA) last posted its quarterly earnings data on Wednesday, February 15th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $601.30 million for the quarter, compared to the consensus estimate of $567.51 million. Copa Holdings, had a net margin of 11.42% and a return on equity of 10.56%.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Tuesday. TheStreet upgraded shares of Copa Holdings, from a “c” rating to a “b” rating in a report on Thursday, February 16th. Evercore ISI upgraded shares of Copa Holdings, from a “sell” rating to a “hold” rating and boosted their target price for the stock from $75.00 to $100.00 in a report on Friday, February 17th. Wolfe Research upgraded shares of Copa Holdings, from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Finally, Vetr upgraded shares of Copa Holdings, from a “buy” rating to a “strong-buy” rating and set a $102.50 target price for the company in a report on Monday, December 19th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Copa Holdings, has an average rating of “Buy” and a consensus target price of $96.88.
A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Copa Holdings, by 5.2% in the third quarter. Morgan Stanley now owns 1,499,264 shares of the transportation company’s stock valued at $131,830,000 after buying an additional 73,608 shares in the last quarter. State Street Corp raised its stake in Copa Holdings, by 5.1% in the fourth quarter. State Street Corp now owns 814,255 shares of the transportation company’s stock valued at $73,952,000 after buying an additional 39,481 shares in the last quarter. Bamco Inc. NY raised its stake in Copa Holdings, by 60.0% in the third quarter. Bamco Inc. NY now owns 512,000 shares of the transportation company’s stock valued at $45,020,000 after buying an additional 192,000 shares in the last quarter. Axiom International Investors LLC DE bought a new stake in Copa Holdings, during the fourth quarter valued at approximately $34,851,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Copa Holdings, by 21.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 340,936 shares of the transportation company’s stock valued at $29,979,000 after buying an additional 60,274 shares in the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.
Copa Holdings, (NYSE:CPA) traded down 1.83% during trading on Thursday, hitting $114.07. 249,364 shares of the company were exchanged. Copa Holdings, has a 1-year low of $48.57 and a 1-year high of $117.00. The stock has a market capitalization of $4.83 billion, a PE ratio of 14.22 and a beta of 1.55. The firm’s 50 day moving average price is $109.74 and its 200-day moving average price is $97.43.
About Copa Holdings,
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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