Copa Holdings, S.A. (CPA) To Go Ex-Dividend on May 29th

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Friday, May 29th will be given a dividend of 1.71 per share by the transportation company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, May 29th.

Copa has increased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 2 years. Copa has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $19.93 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 34.3%.

Copa Stock Up 3.9%

Shares of NYSE:CPA opened at $142.29 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa has a 12 month low of $99.32 and a 12 month high of $156.41. The company has a 50-day moving average price of $119.81 and a 200 day moving average price of $125.96. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.06 and a beta of 0.94.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $4.28 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts predict that Copa will post 15.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of analyst reports. Barclays lowered their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th. UBS Group increased their price target on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citigroup lowered their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $166.80.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.