Copa (NYSE:CPA) Issues Earnings Results

Copa (NYSE:CPAGet Free Report) issued its quarterly earnings results on Wednesday. The transportation company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73, Zacks reports. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.51%. Copa’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.28 earnings per share.

Copa Price Performance

Shares of NYSE CPA opened at $134.75 on Friday. Copa has a twelve month low of $99.32 and a twelve month high of $156.41. The firm has a fifty day simple moving average of $117.75 and a 200 day simple moving average of $125.38. The company has a market capitalization of $5.54 billion, a PE ratio of 7.86, a P/E/G ratio of 0.99 and a beta of 0.94. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPA. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. UBS Group cut their price target on shares of Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup cut their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target on shares of Copa in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Copa currently has a consensus rating of “Buy” and a consensus target price of $165.00.

Check Out Our Latest Stock Analysis on CPA

Copa News Roundup

Here are the key news stories impacting Copa this week:

Hedge Funds Weigh In On Copa

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in Copa during the fourth quarter worth $29,000. US Bancorp DE raised its stake in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Triumph Capital Management bought a new position in Copa during the third quarter worth $36,000. Advisory Services Network LLC bought a new position in Copa during the third quarter worth $50,000. Finally, Transamerica Financial Advisors LLC bought a new position in Copa during the second quarter worth $115,000. Institutional investors own 70.09% of the company’s stock.

Copa Company Profile

(Get Free Report)

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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Earnings History for Copa (NYSE:CPA)

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