Copa Holdings SA (cpa) to Issue $0.51 Quarterly Dividend
Copa Holdings SA (NYSE:cpa) declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.51 per share on Thursday, December 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Monday, November 28th.
Copa Holdings SA (NYSE:CPA) opened at 93.44 on Wednesday. The firm’s 50-day moving average price is $90.06 and its 200-day moving average price is $73.35. Copa Holdings SA has a 12-month low of $42.61 and a 12-month high of $97.00. The stock’s market cap is $3.96 billion.
Copa Holdings SA (NYSE:CPA) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The firm had revenue of $569 million for the quarter, compared to the consensus estimate of $548.76 million. Copa Holdings SA had a return on equity of 10.56% and a net margin of 11.42%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. On average, equities analysts predict that Copa Holdings SA will post $5.15 EPS for the current fiscal year.
CPA has been the topic of a number of research analyst reports. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $100.00 price target (up from $85.00) on shares of Copa Holdings SA in a report on Friday, September 23rd. Zacks Investment Research raised Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 target price on the stock in a report on Tuesday, August 9th. JPMorgan Chase & Co. increased their target price on Copa Holdings SA from $59.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, August 16th. Morgan Stanley raised Copa Holdings SA from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $56.00 to $94.00 in a report on Thursday, September 8th. Finally, Citigroup Inc. raised Copa Holdings SA from a “neutral” rating to a “buy” rating and increased their target price for the company from $68.00 to $88.00 in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Copa Holdings SA currently has an average rating of “Buy” and a consensus price target of $89.42.
Several hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in Copa Holdings SA during the third quarter valued at about $226,000. AXA purchased a new position in Copa Holdings SA during the second quarter valued at $244,000. AQR Capital Management LLC purchased a new position in Copa Holdings SA during the second quarter valued at $251,000. Nuveen Fund Advisors LLC purchased a new position in Copa Holdings SA during the second quarter valued at $321,000. Finally, Paloma Partners Management Co purchased a new position in Copa Holdings SA during the second quarter valued at $327,000. Hedge funds and other institutional investors own 73.42% of the company’s stock.
About Copa Holdings SA
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.
Receive News & Stock Ratings for Copa Holdings SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa Holdings SA and related stocks with our FREE daily email newsletter.