Copa (NYSE:CPA) Posts Earnings Results, Misses Estimates By $0.21 EPS

Copa (NYSE:CPAGet Free Report) posted its quarterly earnings results on Wednesday. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21), Zacks reports. Copa had a return on equity of 26.01% and a net margin of 18.76%.The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.61 EPS.

Copa Price Performance

Shares of CPA stock traded up $3.89 during trading hours on Wednesday, reaching $150.54. The stock had a trading volume of 424,957 shares, compared to its average volume of 292,962. The stock’s fifty day simple moving average is $144.56 and its 200 day simple moving average is $133.89. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa has a 12 month low of $107.44 and a 12 month high of $160.46. The firm has a market capitalization of $6.19 billion, a PE ratio of 8.78, a PEG ratio of 1.07 and a beta of 1.01.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s dividend payout ratio is presently 39.88%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPA. The Goldman Sachs Group boosted their price objective on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Raymond James Financial upped their price target on shares of Copa from $190.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their target price on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, UBS Group increased their target price on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $171.73.

View Our Latest Research Report on CPA

Institutional Trading of Copa

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Copa during the 4th quarter valued at $29,000. US Bancorp DE boosted its stake in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. Triumph Capital Management purchased a new position in Copa during the third quarter worth about $36,000. Advisory Services Network LLC purchased a new position in Copa during the third quarter worth about $50,000. Finally, Transamerica Financial Advisors LLC bought a new position in Copa in the 2nd quarter worth about $115,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

About Copa

(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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