Brokerages forecast that Copa Holdings, S.A. (NYSE:CPA) will report earnings per share of ($2.21) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Copa’s earnings, with estimates ranging from ($2.95) to ($1.78). Copa posted earnings of $1.75 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 226.3%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, May 5th.

On average, analysts expect that Copa will report full year earnings of ($3.27) per share for the current fiscal year, with EPS estimates ranging from ($4.20) to ($2.20). For the next fiscal year, analysts forecast that the business will post earnings of $4.81 per share, with EPS estimates ranging from $2.45 to $7.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Copa.

Copa (NYSE:CPA) last issued its quarterly earnings data on Tuesday, February 9th. The transportation company reported ($2.00) EPS for the quarter, beating the consensus estimate of ($2.15) by $0.15. The company had revenue of $158.64 million for the quarter, compared to analyst estimates of $152.20 million. Copa had a negative return on equity of 4.01% and a negative net margin of 32.25%. Copa’s quarterly revenue was down 76.7% compared to the same quarter last year. During the same period last year, the company earned $2.17 earnings per share.

Several analysts have recently issued reports on CPA shares. Deutsche Bank Aktiengesellschaft upgraded shares of Copa from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $95.00 in a research report on Tuesday, April 27th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $65.00 price objective on shares of Copa in a research note on Monday, March 29th. Zacks Investment Research downgraded Copa from a “hold” rating to a “strong sell” rating and set a $69.00 target price on the stock. in a research report on Wednesday, February 17th. Finally, The Goldman Sachs Group upgraded Copa from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $73.00 to $100.00 in a research report on Monday, April 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.80.

NYSE CPA traded down $1.90 on Tuesday, hitting $83.38. The company had a trading volume of 273,842 shares, compared to its average volume of 472,384. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.46 and a quick ratio of 1.37. The company’s fifty day moving average price is $82.95 and its 200-day moving average price is $77.66. The company has a market capitalization of $3.53 billion, a PE ratio of -8.30, a PEG ratio of 8.21 and a beta of 1.63. Copa has a 12-month low of $35.16 and a 12-month high of $94.91.

Large investors have recently modified their holdings of the business. Twin Tree Management LP purchased a new position in shares of Copa during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new position in Copa during the fourth quarter worth about $33,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Copa by 29.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 908 shares of the transportation company’s stock worth $73,000 after purchasing an additional 208 shares during the period. Comerica Bank acquired a new position in Copa in the 4th quarter valued at about $219,000. Finally, Colony Group LLC purchased a new stake in shares of Copa in the 4th quarter valued at approximately $232,000.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 104 daily scheduled flights to 54 destinations in 25 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2020, it operated a fleet of 77 aircraft comprising 70 Boeing 737-Next Generation aircraft and 7 Boeing 737 MAX 9 aircraft.

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