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.

A number of analysts recently commented on the company. Zacks Investment Research lowered Copa from a “hold” rating to a “strong sell” rating in a report on Monday, July 23rd. Stifel Nicolaus lowered Copa from a “hold” rating to a “sell” rating and dropped their price target for the stock from $100.00 to $70.00 in a report on Thursday, August 9th. Cowen dropped their price target on Copa from $130.00 to $100.00 and set a “market perform” rating on the stock in a report on Friday, August 10th. Evercore ISI upgraded Copa from an “in-line” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Monday, August 13th. Finally, Buckingham Research upgraded Copa from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $103.00 to $95.00 in a report on Wednesday, September 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $106.80.

TRADEMARK VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/11/15/copa-cpa-releases-earnings-results-misses-estimates-by-0-06-eps.html.

About Copa

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.

Read More: Stock Symbols Definition, Examples, Lookup

Earnings History for Copa (NYSE:CPA)

Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.