Copa Holdings, S.A. (NYSE:CPA) Expected to Announce Quarterly Sales of $702.02 Million

Brokerages expect Copa Holdings, S.A. (NYSE:CPA) to announce sales of $702.02 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Copa’s earnings, with the lowest sales estimate coming in at $681.00 million and the highest estimate coming in at $714.29 million. Copa posted sales of $672.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 13th.

According to Zacks, analysts expect that Copa will report full-year sales of $2.71 billion for the current financial year, with estimates ranging from $2.64 billion to $2.73 billion. For the next fiscal year, analysts expect that the business will report sales of $2.95 billion, with estimates ranging from $2.86 billion to $3.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Copa.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.15. The company had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $625.92 million. Copa had a net margin of 1.59% and a return on equity of 12.35%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS.

CPA has been the topic of a number of research analyst reports. Buckingham Research increased their price objective on shares of Copa from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. UBS Group downgraded shares of Copa from a “buy” rating to a “neutral” rating in a report on Tuesday, June 18th. Raymond James raised shares of Copa from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a report on Friday, August 9th. Barclays assumed coverage on shares of Copa in a report on Monday, July 29th. They issued an “overweight” rating and a $122.00 price objective for the company. Finally, Cowen reissued a “market perform” rating and issued a $93.00 price target (up from $85.00) on shares of Copa in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $107.67.

Shares of CPA stock traded down $1.07 on Monday, reaching $102.11. 763 shares of the company were exchanged, compared to its average volume of 351,141. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.83 and a beta of 1.28. The company has a 50-day moving average of $102.59 and a 200-day moving average of $91.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.87. Copa has a one year low of $67.38 and a one year high of $113.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, August 29th. Copa’s payout ratio is currently 39.88%.

A number of large investors have recently bought and sold shares of the stock. Investors Research Corp purchased a new stake in shares of Copa during the second quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Copa during the second quarter worth $57,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Copa by 8.0% during 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 in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Copa during the second quarter worth $165,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Copa during the second quarter worth $203,000. 70.52% of the stock is currently owned by institutional investors and hedge funds.

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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