$194.31 Million in Sales Expected for Copa Holdings, S.A. (NYSE:CPA) This Quarter


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Wall Street brokerages expect that Copa Holdings, S.A. (NYSE:CPA) will report $194.31 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Copa’s earnings. The lowest sales estimate is $190.50 million and the highest is $199.42 million. Copa posted sales of $595.45 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 67.4%. The business is expected to announce its next earnings report on Wednesday, May 5th.

On average, analysts expect that Copa will report full year sales of $1.52 billion for the current year, with estimates ranging from $1.23 billion to $1.81 billion. For the next financial year, analysts expect that the business will report sales of $2.24 billion, with estimates ranging from $2.06 billion to $2.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Copa.

Copa (NYSE:CPA) last announced its earnings results on Tuesday, February 9th. The transportation company reported ($2.00) EPS for the quarter, topping the consensus estimate of ($2.15) by $0.15. The firm had revenue of $158.64 million for the quarter, compared to the consensus estimate of $152.20 million. Copa had a negative net margin of 32.25% and a negative return on equity of 4.01%. The business’s quarterly revenue was down 76.7% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS.

Several analysts have commented on CPA shares. Barclays raised their target price on shares of Copa from $53.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, November 20th. Zacks Investment Research downgraded shares of Copa from a “hold” rating to a “strong sell” rating and set a $69.00 target price on the stock. in a report on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Thursday, January 28th. Raymond James lifted their price objective on shares of Copa from $60.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, December 10th. Finally, UBS Group cut shares of Copa from a “buy” rating to a “neutral” rating and raised their target price for the company from $87.00 to $90.00 in a research note on Thursday, December 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $75.27.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Copa during the fourth quarter worth $2,549,000. Squarepoint Ops LLC acquired a new stake in shares of Copa during the fourth quarter worth $281,000. MARSHALL WACE ASIA Ltd lifted its holdings in shares of Copa by 93.7% during the fourth quarter. MARSHALL WACE ASIA Ltd now owns 1,041,952 shares of the transportation company’s stock worth $80,470,000 after buying an additional 503,956 shares in the last quarter. Prince Street Capital Management LLC acquired a new stake in shares of Copa during the fourth quarter worth $4,795,000. Finally, Moerus Capital Management LLC lifted its holdings in shares of Copa by 347.6% during the fourth quarter. Moerus Capital Management LLC now owns 12,407 shares of the transportation company’s stock worth $958,000 after buying an additional 9,635 shares in the last quarter.

CPA stock traded up $0.77 during mid-day trading on Thursday, hitting $89.17. 8,742 shares of the company were exchanged, compared to its average volume of 509,608. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.37 and a current ratio of 1.46. The firm has a market cap of $3.76 billion, a P/E ratio of -8.87, a P/E/G ratio of 8.21 and a beta of 1.63. The firm’s 50 day simple moving average is $78.96 and its 200 day simple moving average is $66.31. Copa has a 1-year low of $24.00 and a 1-year high of $103.56.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 80 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of December 31, 2019, it operated a fleet of 102 aircraft comprising 82 Boeing 737-Next Generation, 14 Embraer 190, and six Boeing 737 MAX 9 aircraft.

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