Copa (NYSE:CPA) Announces Quarterly Earnings Results

Copa (NYSE:CPA) 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. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business posted $4.28 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis.

Copa Price Performance

CPA opened at $127.19 on Thursday. Copa has a 12-month low of $99.32 and a 12-month high of $156.41. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.00 and a beta of 0.94. The business’s fifty day simple moving average is $117.66 and its 200-day simple moving average is $125.32.

Hedge Funds Weigh In On Copa

Institutional investors and hedge funds have recently bought and sold shares of the company. Insigneo Advisory Services LLC purchased a new stake in shares of Copa during the 4th quarter worth about $218,000. Resurgent Financial Advisors LLC acquired a new position in shares of Copa during the 4th quarter worth approximately $241,000. Private Advisor Group LLC raised its position in Copa by 5.8% during the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after acquiring an additional 119 shares during the period. Merit Financial Group LLC purchased a new position in Copa in the 3rd quarter valued at about $208,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Copa by 15.3% in the second quarter. Osaic Holdings Inc. now owns 1,847 shares of the transportation company’s stock worth $203,000 after acquiring an additional 245 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price on shares of Copa in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Citigroup decreased their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. The Goldman Sachs Group raised shares of Copa from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $151.00 to $138.00 in a report on Monday, April 13th. Finally, Barclays dropped their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $165.00.

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.