Copa Holdings, S.A. (NYSE:CPA) Issues Earnings Results
Copa Holdings, S.A. (NYSE:CPA) issued its quarterly earnings results on Wednesday. The transportation company reported $1.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.48, Briefing.com reports. Copa Holdings, had a return on equity of 13.23% and a net margin of 14.32%. The company had revenue of $578.10 million during the quarter, compared to analysts’ expectations of $567.47 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year.
Shares of Copa Holdings, (NYSE CPA) traded up 0.03% during trading on Thursday, hitting $123.85. The stock had a trading volume of 637,521 shares. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 16.34 and a beta of 1.80. The stock’s 50-day moving average is $123.85 and its 200-day moving average is $113.34. Copa Holdings, has a 12-month low of $75.74 and a 12-month high of $133.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, August 29th. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s payout ratio is 26.46%.
A number of analysts have commented on CPA shares. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Tuesday, April 18th. ValuEngine raised Copa Holdings, from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $137.00 price target (up previously from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Finally, BidaskClub raised Copa Holdings, from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $108.54.
Copa Holdings, Company Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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