Copa Holdings, S.A. (CPA) To Go Ex-Dividend on February 28th

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 1.61 per share by the transportation company on Friday, March 14th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, February 28th.

Copa has a payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Copa to earn $15.29 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 42.1%.

Copa Stock Up 3.1 %

Shares of CPA opened at $97.71 on Friday. The firm has a market cap of $4.11 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The company’s fifty day moving average is $90.06 and its two-hundred day moving average is $92.17. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 18.20% and a return on equity of 28.46%. Analysts forecast that Copa will post 14.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPA. UBS Group lifted their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.