Brokerages Expect Copa Holdings, S.A. (NYSE:CPA) Will Post Quarterly Sales of $679.10 Million

Wall Street brokerages forecast that Copa Holdings, S.A. (NYSE:CPA) will announce sales of $679.10 million for the current quarter, Zacks reports. Three analysts have issued estimates for Copa’s earnings, with the highest sales estimate coming in at $699.61 million and the lowest estimate coming in at $667.00 million. Copa posted sales of $656.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to report its next earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Copa will report full year sales of $2.70 billion for the current financial year, with estimates ranging from $2.68 billion to $2.73 billion. For the next fiscal year, analysts expect that the company will post sales of $2.89 billion, with estimates ranging from $2.80 billion to $3.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Copa.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 13th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.14. Copa had a return on equity of 15.45% and a net margin of 3.29%. The firm had revenue of $708.21 million for the quarter, compared to analysts’ expectations of $698.59 million. During the same period last year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on CPA. ValuEngine cut Copa from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 14th. Barclays began coverage on Copa in a research note on Monday, July 29th. They set an “overweight” rating and a $122.00 price objective on the stock. Raymond James raised Copa from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a research note on Friday, August 9th. Evercore ISI reaffirmed a “buy” rating on shares of Copa in a research note on Sunday. Finally, Stifel Nicolaus raised their target price on Copa from $95.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Copa currently has a consensus rating of “Hold” and a consensus price target of $109.55.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Investors Research Corp purchased a new stake in Copa in the second quarter worth about $29,000. Point72 Hong Kong Ltd purchased a new stake in Copa in the second quarter worth about $57,000. Cerebellum GP LLC purchased a new stake in Copa in the third quarter worth about $126,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Copa by 8.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after buying an additional 103 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Copa in the second quarter worth about $165,000. 68.95% of the stock is currently owned by institutional investors.

Shares of NYSE:CPA opened at $107.00 on Monday. The stock’s 50-day moving average price is $101.92 and its 200-day moving average price is $98.30. Copa has a 12-month low of $68.50 and a 12-month high of $116.88. The stock has a market capitalization of $4.59 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.65 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $2.60 annualized dividend and a dividend yield of 2.43%. Copa’s payout ratio is presently 39.88%.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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