Copa (CPA) Releases Earnings Results, Misses Estimates By $0.06 EPS
Copa (NYSE:CPA) posted its earnings results on Wednesday. The transportation company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.06), Briefing.com reports. Copa had a net margin of 14.58% and a return on equity of 18.08%. The company had revenue of $672.40 million during the quarter, compared to the consensus estimate of $677.93 million. During the same quarter in the prior year, the business earned $2.38 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
NYSE:CPA traded up $1.65 during trading hours on Thursday, reaching $83.06. The stock had a trading volume of 73,648 shares, compared to its average volume of 363,874. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.04 and a quick ratio of 0.96. Copa has a 12-month low of $67.38 and a 12-month high of $141.34. The company has a market capitalization of $3.30 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.14 and a beta of 1.58.
Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its position in Copa by 1,234.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,308 shares of the transportation company’s stock worth $104,000 after buying an additional 1,210 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in Copa in the second quarter worth $226,000. Hartford Investment Management Co. purchased a new stake in Copa in the second quarter worth $228,000. 180 Wealth Advisors LLC purchased a new stake in Copa in the second quarter worth $230,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Copa in the second quarter worth $252,000. 63.52% of the stock is owned by institutional investors and hedge funds.
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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