Copa (NYSE:CPA) Announces Quarterly Earnings Results

Copa (NYSE:CPA) released its quarterly earnings data on Wednesday. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating 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 Price Performance

Shares of NYSE CPA traded up $1.82 during midday trading on Wednesday, reaching $91.32. The company’s stock had a trading volume of 427,219 shares, compared to its average volume of 280,094. The company has a market cap of $3.84 billion, a P/E ratio of 6.04, a P/E/G ratio of 0.68 and a beta of 1.44. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The business’s 50 day moving average price is $89.76 and its two-hundred day moving average price is $92.10.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.05%. Copa’s dividend payout ratio is presently 42.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CPA shares. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Copa currently has a consensus 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.