Copa Holdings, S.A. (NYSE:CPA) Plans Quarterly Dividend of $0.75
Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.75 per share by the transportation company on Friday, September 15th. This represents a $3.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, August 29th. This is an increase from Copa Holdings,’s previous quarterly dividend of $0.51.
Copa Holdings, has raised its dividend by an average of 11.8% annually over the last three years. Copa Holdings, has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Copa Holdings, to earn $9.59 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 21.3%.
Copa Holdings, (NYSE:CPA) traded up 0.03% during trading on Thursday, hitting $123.85. The stock had a trading volume of 637,521 shares. The firm has a market cap of $5.25 billion, a P/E ratio of 16.34 and a beta of 1.80. The stock’s 50 day moving average price is $123.85 and its 200 day moving average price is $113.34. Copa Holdings, has a 12-month low of $75.74 and a 12-month high of $133.70.
Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. The business had revenue of $578.10 million for the quarter, compared to analyst estimates of $567.47 million. Copa Holdings, had a return on equity of 13.23% and a net margin of 14.32%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. On average, analysts anticipate that Copa Holdings, will post $8.54 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the company. BidaskClub raised Copa Holdings, from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research lowered Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. ValuEngine lowered Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Bank of America Corporation boosted their price target on Copa Holdings, from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.54.
Copa Holdings, Company Profile
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.
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