Brokerages Expect Copa Holdings, S.A. (CPA) Will Post Earnings of $1.64 Per Share

Equities analysts expect Copa Holdings, S.A. (NYSE:CPA) to report $1.64 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Copa’s earnings. The highest EPS estimate is $2.25 and the lowest is $1.40. Copa reported earnings per share of $3.22 during the same quarter last year, which indicates a negative year-over-year growth rate of 49.1%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Copa will report full-year earnings of $6.70 per share for the current financial year, with EPS estimates ranging from $5.76 to $7.50. For the next fiscal year, analysts forecast that the business will report earnings of $7.95 per share, with EPS estimates ranging from $7.17 to $10.25. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Copa.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 13th. The transportation company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.02). Copa had a net margin of 3.29% and a return on equity of 13.56%. The company had revenue of $656.06 million for the quarter, compared to the consensus estimate of $660.29 million. During the same period in the prior year, the company earned $2.36 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis.

CPA has been the subject of a number of research reports. Bradesco Corretora raised shares of Copa from a “neutral” rating to an “outperform” rating and increased their target price for the company from $90.00 to $125.00 in a research report on Wednesday, January 23rd. UBS Group upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, January 17th. Bank of America cut shares of Copa from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 30th. TheStreet cut shares of Copa from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Finally, ValuEngine cut shares of Copa from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $98.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in Copa by 1.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,198,998 shares of the transportation company’s stock worth $251,793,000 after purchasing an additional 33,479 shares in the last quarter. BlackRock Inc. lifted its stake in Copa by 101.1% in the 4th quarter. BlackRock Inc. now owns 1,500,956 shares of the transportation company’s stock worth $118,141,000 after purchasing an additional 754,505 shares in the last quarter. Sprucegrove Investment Management Ltd. lifted its stake in Copa by 26.0% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 1,058,757 shares of the transportation company’s stock worth $83,335,000 after purchasing an additional 218,300 shares in the last quarter. INCA Investments LLC lifted its stake in Copa by 31.0% in the 4th quarter. INCA Investments LLC now owns 938,100 shares of the transportation company’s stock worth $73,838,000 after purchasing an additional 222,067 shares in the last quarter. Finally, RWC Asset Advisors US LLC purchased a new stake in Copa in the 4th quarter worth approximately $67,684,000. Institutional investors and hedge funds own 64.24% of the company’s stock.

Copa stock opened at $79.63 on Wednesday. Copa has a twelve month low of $67.38 and a twelve month high of $119.69. The company has a market cap of $3.35 billion, a PE ratio of 12.21, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Copa Company Profile

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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