Copa (NYSE:CPA) Announces Quarterly Earnings Results

Copa (NYSE:CPA) posted its quarterly earnings data on Wednesday. The transportation company reported $3.99 earnings per share for the quarter, beating the consensus estimate 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 Stock Performance

CPA traded up $3.71 during mid-day trading on Thursday, reaching $94.98. 99,836 shares of the company traded hands, compared to its average volume of 273,722. The stock has a market capitalization of $3.99 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.68 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average price is $89.79 and its 200-day moving average price is $92.10. Copa has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued 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 6.78%. Copa’s payout ratio is currently 42.59%.

Analyst Ratings Changes

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