Wall Street analysts expect Copa Holdings, SA (NYSE:CPA) to report earnings per share of $1.05 for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided Copa earnings estimates. The highest EPS estimate is $1.50 and the lowest is $0.60. Copa reported earnings of ($2.23) per share in the same quarter last year, suggesting a positive year-over-year growth rate of 147.1%. The company is due to announce its next earnings report on Wednesday, May 4.
According to Zacks, analysts expect Copa to report annual earnings of $5.91 per share for the current fiscal year, with EPS estimates ranging from $3.71 to $6.78. For the next fiscal year, analysts expect the company to post earnings of $9.07 per share, with EPS estimates ranging from $6.59 to $11.00. Zacks earnings per share averages are an average average based on a survey of research analysts who cover Copa.
Copa (NYSE:CPA) last released its results on Wednesday, February 9. The transportation company reported EPS of $1.98 for the quarter, beating consensus analyst estimates of $1.05 by $0.93. Copa had a negative net margin of 22.24% and a negative return on equity of 13.66%. In the same quarter of the previous year, the company achieved EPS of ($2.00).
The SCP has been the subject of several research reports. Raymond James raised his price target on Copa shares from $110.00 to $115.00 and gave the stock a “strong buy” rating in a report on Friday. JPMorgan Chase & Co. downgraded Copa shares from an “underweight” to a “neutral” rating and set a price target of $90.00 for the company in a Tuesday, November 23 report. Two research analysts rated the stock with a hold rating, six issued a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $97.29.
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Several hedge funds and other institutional investors have recently changed their stock holdings. Geode Capital Management LLC increased its stake in Copa shares by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 110,793 shares of the transportation company valued at $9,158,000 after buying 3,285 additional shares last quarter. Renaissance Technologies LLC increased its position in Copa by 50.6% in the fourth quarter. Renaissance Technologies LLC now owns 375,115 shares of the transportation company worth $31,007,000 after acquiring an additional 126,087 shares last quarter. Charles Schwab Investment Management Inc. increased its position in Copa by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 45,512 shares of the transportation company worth $3,763,000 after acquiring 3,632 additional shares last quarter. Rhumbline Advisers raised its position in Copa by 1.4% in the fourth quarter. Rhumbline Advisers now owns 28,171 shares of the transportation company worth $2,329,000 after acquiring 377 additional shares last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Copa in the fourth quarter worth about $197,875,000. Institutional investors and hedge funds hold 76.89% of the company’s shares.
Shares of Action CPA traded at $4.74 during Friday’s trading, reaching $86.47. The company’s shares had a trading volume of 572,341 shares, compared to its average volume of 445,101. The company has a market capitalization of $3.66 billion, a price-earnings ratio of -15.12 and a beta of 1.48. The stock’s 50-day moving average price is $81.57 and its 200-day moving average price is $78.82. The company has a debt ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.30. Copa has a 1-year low of $64.66 and a 1-year high of $94.91.
Copa company profile
Copa Holdings SA is involved in the provision of air transport. It is involved in an airline operation that provides passenger and cargo services through the main operating subsidiaries of Copa Airlines and Copa Colombia. The firm offers international flights to Costa Rica, Jamaica, Colombia and other cities.
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