Seaport Res Ptn Issues Pessimistic Outlook for Copa Earnings

Copa Holdings, S.A. (NYSE:CPA) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for Copa in a research report issued to clients and investors on Thursday, November 21st. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will earn $14.67 per share for the year, down from their prior forecast of $15.47. The consensus estimate for Copa’s current full-year earnings is $14.60 per share. Seaport Res Ptn also issued estimates for Copa’s Q1 2025 earnings at $5.00 EPS, Q2 2025 earnings at $3.30 EPS, Q3 2025 earnings at $3.90 EPS, Q4 2025 earnings at $4.70 EPS, FY2025 earnings at $16.90 EPS and FY2027 earnings at $19.50 EPS.

A number of other brokerages also recently issued reports on CPA. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. TD Cowen decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI cut their target price on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $148.83.

Copa Trading Down 1.4 %

Shares of CPA stock opened at $92.90 on Monday. Copa has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $97.07 and its two-hundred day simple moving average is $94.88. The company has a market cap of $3.66 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $1.61 dividend. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 6.93%. Copa’s dividend payout ratio (DPR) is currently 42.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC grew its stake in Copa by 14.9% in the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after purchasing an additional 116 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Carson Advisory Inc. grew its stake in Copa by 9.1% in the second quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock worth $352,000 after purchasing an additional 308 shares in the last quarter. First Hawaiian Bank grew its stake in Copa by 8.8% in the second quarter. First Hawaiian Bank now owns 5,440 shares of the transportation company’s stock worth $518,000 after purchasing an additional 440 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Copa by 10.3% in the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after purchasing an additional 488 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

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.