$2.14 Earnings Per Share Expected for Copa Holdings, S.A. (CPA) This Quarter

Brokerages forecast that Copa Holdings, S.A. (NYSE:CPA) will report earnings per share (EPS) of $2.14 for the current quarter, Zacks reports. Three analysts have issued estimates for Copa Holdings,’s earnings, with the lowest EPS estimate coming in at $1.90 and the highest estimate coming in at $2.35. Copa Holdings, posted earnings per share of $1.30 in the same quarter last year, which indicates a positive year over year growth rate of 64.6%. The company is expected to issue its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Copa Holdings, will report full year earnings of $8.43 per share for the current financial year, with EPS estimates ranging from $8.06 to $8.67. For the next fiscal year, analysts forecast that the company will post earnings of $9.84 per share, with EPS estimates ranging from $9.00 to $10.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Copa Holdings,.

Copa Holdings, (NYSE:CPA) last announced its quarterly earnings data on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The company had revenue of $578.10 million for the quarter, compared to analysts’ expectations of $567.47 million. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. Copa Holdings,’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS.

Several equities research analysts have weighed in on CPA shares. BidaskClub lowered Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $137.00 target price (up from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Bank of America Corporation increased their target price on Copa Holdings, from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a research report on Friday, August 11th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Copa Holdings, has an average rating of “Buy” and an average target price of $116.39.

Shares of Copa Holdings, (CPA) traded down 0.42% during trading on Tuesday, reaching $126.90. 147,299 shares of the company’s stock traded hands. Copa Holdings, has a 1-year low of $83.33 and a 1-year high of $134.25. The company has a 50 day moving average of $127.12 and a 200-day moving average of $120.35. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.35 and a beta of 1.80.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, August 29th. Copa Holdings,’s dividend payout ratio (DPR) is 37.93%.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in Copa Holdings, during the second quarter valued at about $602,000. Verition Fund Management LLC boosted its stake in Copa Holdings, by 26.3% during the second quarter. Verition Fund Management LLC now owns 10,929 shares of the transportation company’s stock valued at $1,279,000 after buying an additional 2,276 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Copa Holdings, during the second quarter valued at about $1,193,000. 361 Capital LLC boosted its stake in Copa Holdings, by 7.1% during the second quarter. 361 Capital LLC now owns 33,986 shares of the transportation company’s stock valued at $3,976,000 after buying an additional 2,259 shares in the last quarter. Finally, Caxton Associates LP bought a new position in Copa Holdings, during the second quarter valued at about $398,000. 64.28% of the stock is currently owned by institutional investors.

About Copa Holdings,

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

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