Wall Street brokerages expect Copa Holdings, S.A. (NYSE:CPA) to report earnings of $1.69 per share for the current quarter, according to Zacks. Four analysts have made estimates for Copa’s earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $2.25. Copa reported earnings per share of $3.22 in the same quarter last year, which would suggest a negative year over year growth rate of 47.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Copa will report full year earnings of $7.13 per share for the current fiscal year, with EPS estimates ranging from $6.21 to $7.85. For the next financial year, analysts expect that the company will post earnings of $8.21 per share, with EPS estimates ranging from $7.17 to $10.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Copa.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 13th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.02). Copa had a return on equity of 13.56% and a net margin of 3.29%. The company had revenue of $656.06 million for the quarter, compared to analysts’ expectations of $660.29 million. During the same quarter in the previous year, the business earned $2.36 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis.

Several equities research analysts have recently issued reports on CPA shares. UBS Group upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, January 17th. JPMorgan Chase & Co. lowered shares of Copa to a “buy” rating and set a $100.00 price target for the company. in a research note on Friday, November 23rd. Zacks Investment Research upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Monday, January 28th. TheStreet lowered shares of Copa from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Finally, Stifel Nicolaus upgraded shares of Copa from a “sell” rating to a “hold” rating and lifted their price objective for the company from $70.00 to $90.00 in a research note on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Copa currently has an average rating of “Hold” and an average target price of $98.08.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in Copa by 86.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 950 shares during the period. High Pointe Capital Management LLC bought a new position in Copa in the 3rd quarter valued at $217,000. Paragon Capital Management Ltd bought a new position in Copa in the 4th quarter valued at $276,000. Oppenheimer Asset Management Inc. boosted its holdings in Copa by 15.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 481 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Copa by 69.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,100 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 2,097 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

Shares of CPA stock traded down $0.45 during trading hours on Friday, hitting $83.53. 284,456 shares of the company were exchanged, compared to its average volume of 397,834. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Copa has a 52-week low of $67.38 and a 52-week high of $138.35. The firm has a market cap of $3.52 billion, a P/E ratio of 12.81, a PEG ratio of 1.14 and a beta of 1.47.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.60 dividend on an annualized basis and a yield of 3.11%. Copa’s dividend payout ratio is 39.88%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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