Copa (NYSE:CPA) Posts Earnings Results, Beats Estimates By $0.15 EPS

Copa (NYSE:CPA) posted its quarterly earnings results on Wednesday. The transportation company reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15, Zacks reports. Copa had a return on equity of 28.46% and a net margin of 18.20%.

Copa Trading Up 4.1 %

Shares of CPA traded up $3.71 during trading hours on Thursday, hitting $94.98. The company had a trading volume of 99,836 shares, compared to its average volume of 273,722. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.99 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.68 and a beta of 1.44. Copa has a 52-week low of $80.01 and a 52-week high of $114.00. The stock’s 50 day moving average price is $89.79 and its 200 day moving average price is $92.10.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 6.78%. Copa’s dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

CPA has been the subject of a number of analyst reports. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $153.29.

Copa Company Profile

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.