Copa (NYSE:CPA) Issues Quarterly Earnings Results

Copa (NYSE:CPA) issued its 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 net margin of 18.20% and a return on equity of 28.46%.

Copa Stock Performance

NYSE:CPA traded up $1.82 during mid-day trading on Wednesday, reaching $91.32. 427,219 shares of the stock were exchanged, compared to its average volume of 280,094. The stock has a market capitalization 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 1 year low of $80.01 and a 1 year high of $114.00. The company has a 50 day simple moving average of $89.76 and a 200-day simple moving average of $92.10. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 7.05%. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CPA. UBS Group increased 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 cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $153.29.

About Copa

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.