Seaport Res Ptn Issues Pessimistic Outlook for Copa Earnings

Copa Holdings, S.A. (NYSE:CPA) – Seaport Res Ptn cut their Q1 2025 earnings estimates for shares of Copa in a report released on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $3.75 per share for the quarter, down from their prior estimate of $5.00. The consensus estimate for Copa’s current full-year earnings is $14.48 per share. Seaport Res Ptn also issued estimates for Copa’s FY2025 earnings at $15.35 EPS and FY2026 earnings at $17.00 EPS.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $148.83.

Copa Price Performance

CPA opened at $88.63 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The stock has a market capitalization of $3.49 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. The stock’s 50 day moving average price is $95.34 and its 200-day moving average price is $93.03. Copa has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.39 earnings per share.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s payout ratio is currently 42.59%.

Hedge Funds Weigh In On Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its holdings in shares of Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Copa during the third quarter worth $82,000. Rhumbline Advisers boosted its position in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares during the period. Optimist Retirement Group LLC bought a new position in Copa in the third quarter worth approximately $240,000. Finally, Mackenzie Financial Corp grew its position in shares of Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after buying an additional 610 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

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.