Copa Holdings, S.A. (NYSE:CPA) Declares Quarterly Dividend of $1.71

Key Points

• Copa Holdings declared a quarterly dividend of $1.71 per share, payable September 15 to shareholders of record on August 31. The dividend carries an annualized yield of approximately 4.5%, with the ex-dividend date also set for August 31.
• The dividend appears well covered, with a current payout ratio of 38.1%; analysts expect next year’s earnings to support an estimated payout ratio of 34.1%. Copa has raised its dividend for two consecutive years.
• Copa’s latest quarterly earnings of $1.67 per share fell short of the $1.88 consensus estimate, although revenue rose 25.7% year over year to $1.06 billion. Analysts remain broadly bullish, giving the stock a consensus “Buy” rating and an average price target of $171.73.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be given a dividend of 1.71 per share by the transportation company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, August 31st.

Copa has increased its dividend payment by an average of 0.5%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Copa has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $20.08 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 34.1%.

Copa Price Performance

NYSE:CPA opened at $150.54 on Thursday. The company has a market capitalization of $6.19 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.07 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. Copa has a 52 week low of $107.44 and a 52 week high of $160.46. The stock's fifty day moving average is $144.56 and its two-hundred day moving average is $133.89.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company's quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the business earned $3.61 EPS. Equities analysts expect that Copa will post 16.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CPA. Raymond James Financial upped their target price on shares of Copa from $190.00 to $195.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Copa from $165.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group increased their target price on Copa from $138.00 to $156.00 and gave the company a "buy" rating in a report on Friday, May 15th. Finally, Evercore reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Copa in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $171.73.

About Copa

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.

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