Copa (NYSE:CPA) Issues Earnings Results, Beats Expectations By $0.14 EPS

Copa (NYSE:CPA) released its quarterly earnings results on Wednesday. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14, reports. Copa had a net margin of 3.29% and a return on equity of 15.45%. The firm had revenue of $708.21 million for the quarter, compared to analysts’ expectations of $698.59 million. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.

Shares of CPA opened at $107.00 on Friday. Copa has a 52-week low of $68.50 and a 52-week high of $116.88. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $101.92 and its two-hundred day moving average is $98.30. The stock has a market cap of $4.54 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, November 27th. This represents a $2.60 annualized dividend and a yield of 2.43%. Copa’s dividend payout ratio (DPR) is presently 39.88%.

A number of equities research analysts recently issued reports on the stock. Evercore ISI raised shares of Copa from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $115.00 in a research note on Tuesday, August 27th. TheStreet cut shares of Copa from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Stifel Nicolaus lifted their price target on shares of Copa from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Friday. UBS Group raised shares of Copa from a “neutral” rating to a “buy” rating in a research note on Friday, September 27th. Finally, Barclays assumed coverage on shares of Copa in a research note on Monday, July 29th. They issued an “overweight” rating and a $122.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Copa has an average rating of “Hold” and an average target price of $109.55.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Earnings History for Copa (NYSE:CPA)

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