Copa Holdings, S.A. (NYSE:CPA) Expected to Announce Quarterly Sales of $425.51 Million

Equities research analysts expect Copa Holdings, S.A. (NYSE:CPA) to post $425.51 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Copa’s earnings. The highest sales estimate is $440.59 million and the lowest is $416.93 million. Copa posted sales of $32.38 million during the same quarter last year, which would indicate a positive year over year growth rate of 1,214.1%. The company is expected to issue its next earnings results on Wednesday, November 17th.

According to Zacks, analysts expect that Copa will report full-year sales of $1.40 billion for the current year, with estimates ranging from $1.39 billion to $1.41 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.27 billion, with estimates ranging from $2.04 billion to $2.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Copa.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 4th. The transportation company reported ($0.38) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.73. Copa had a negative return on equity of 24.77% and a negative net margin of 54.26%. The business had revenue of $304.26 million for the quarter, compared to analyst estimates of $260.29 million. During the same quarter in the previous year, the firm earned ($2.70) earnings per share. The company’s revenue was up 1993.7% on a year-over-year basis.

CPA has been the topic of a number of recent research reports. Seaport Global Securities upgraded Copa from a “neutral” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, June 17th. Credit Suisse Group upped their target price on Copa from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 31st. Zacks Investment Research upgraded Copa from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday. Finally, Seaport Res Ptn upgraded Copa from a “neutral” rating to a “buy” rating in a research report on Thursday, June 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Copa presently has a consensus rating of “Hold” and an average target price of $89.33.

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Copa during the 1st quarter worth approximately $31,000. Wagner Wealth Management LLC acquired a new position in shares of Copa during the 1st quarter worth approximately $40,000. Maverick Capital Ltd. acquired a new position in shares of Copa during the 1st quarter worth approximately $45,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Copa by 29.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 908 shares of the transportation company’s stock worth $73,000 after buying an additional 208 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Copa during the 1st quarter worth approximately $84,000. 79.98% of the stock is owned by institutional investors and hedge funds.

NYSE CPA traded up $1.04 during trading hours on Friday, reaching $79.32. The stock had a trading volume of 215,733 shares, compared to its average volume of 367,824. The stock has a fifty day moving average of $73.65 and a 200 day moving average of $78.97. The stock has a market cap of $3.36 billion, a P/E ratio of -9.13 and a beta of 1.62. Copa has a 52-week low of $46.67 and a 52-week high of $94.91. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.35 and a current ratio of 1.42.

About Copa

Copa Holdings SA engages in the provision of air transportation. It involves in an airline operation which provides passenger and cargo services through the Copa Airlines and Copa Colombia principal operating subsidiaries. The firm offers international flights to Costa Rica, Jamaica, Colombia and other cities.

See Also: Return on Equity (ROE)

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