Brokerages Anticipate Copa Holdings, S.A. (NYSE:CPA) to Post -$2.21 EPS

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Analysts expect that Copa Holdings, S.A. (NYSE:CPA) will post earnings per share of ($2.21) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Copa’s earnings, with estimates ranging from ($2.95) to ($1.78). Copa posted earnings of $1.75 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 226.3%. The company is expected to announce its next earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Copa will report full year earnings of ($3.27) per share for the current fiscal year, with EPS estimates ranging from ($4.20) to ($2.20). For the next fiscal year, analysts anticipate that the company will post earnings of $4.81 per share, with EPS estimates ranging from $2.45 to $7.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Copa.

Copa (NYSE:CPA) last posted its quarterly earnings results on Tuesday, February 9th. The transportation company reported ($2.00) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.15) by $0.15. Copa had a negative net margin of 32.25% and a negative return on equity of 4.01%. The firm had revenue of $158.64 million during the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The company’s revenue was down 76.7% on a year-over-year basis.

Several equities analysts have recently commented on the company. The Goldman Sachs Group upgraded Copa from a “neutral” rating to a “buy” rating and raised their price target for the company from $73.00 to $100.00 in a research note on Monday, April 19th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $65.00 price target on shares of Copa in a report on Monday, March 29th. Zacks Investment Research cut shares of Copa from a “hold” rating to a “strong sell” rating and set a $69.00 price target for the company. in a research report on Wednesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Copa from a “hold” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $95.00 in a report on Tuesday, April 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Copa has a consensus rating of “Hold” and an average price target of $75.80.

NYSE CPA traded down $1.90 on Tuesday, reaching $83.38. 273,842 shares of the stock traded hands, compared to its average volume of 472,384. Copa has a 12 month low of $35.16 and a 12 month high of $94.91. The company has a market cap of $3.53 billion, a price-to-earnings ratio of -8.30, a PEG ratio of 8.21 and a beta of 1.63. The company has a fifty day moving average price of $82.95 and a 200-day moving average price of $77.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.37 and a current ratio of 1.46.

A number of hedge funds have recently made changes to their positions in CPA. Twin Tree Management LP acquired a new position in Copa during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Copa during the fourth quarter worth about $33,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Copa by 29.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 908 shares of the transportation company’s stock worth $73,000 after acquiring an additional 208 shares during the last quarter. Comerica Bank acquired a new position in shares of Copa during the fourth quarter valued at about $219,000. Finally, Colony Group LLC purchased a new position in shares of Copa in the 4th quarter valued at approximately $232,000.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 104 daily scheduled flights to 54 destinations in 25 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2020, it operated a fleet of 77 aircraft comprising 70 Boeing 737-Next Generation aircraft and 7 Boeing 737 MAX 9 aircraft.

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