Copa Holdings, S.A. (CPA) To Go Ex-Dividend on August 31st

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be paid a dividend of 1.71 per share by the transportation company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, August 31st.

Copa has increased its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 2 years. Copa has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $20.08 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 34.1%.

Copa Trading Down 5.6%

Shares of CPA stock opened at $142.27 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 9.35, a P/E/G ratio of 1.10 and a beta of 1.01. Copa has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $144.55 and its 200 day simple moving average is $133.97.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, August 5th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a net margin of 15.71% and a return on equity of 22.60%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business posted $3.61 earnings per share. Copa’s revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, sell-side analysts predict that Copa will post 16.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPA shares. JPMorgan Chase & Co. raised their price objective on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Jefferies Financial Group assumed coverage on shares of Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Evercore reiterated an “outperform” rating and set a $175.00 price target on shares of Copa in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $171.73.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.