Copa Holdings S.A. (CPA) Releases Earnings Results, Beats Expectations By $0.20 EPS

Copa Holdings S.A. (CPA) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $1.46. The company posted revenue of $557.07 million in the period, compared to analysts expectations of $548.35 million. The company’s revenue was down -11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 EPS.

Many Wall Street Analysts have commented on Copa Holdings S.A.. Copa Holdings S.A. was Upgraded by Raymond James to ” Outperform” on Apr 20, 2016. Company shares were Reiterated by Cowen on Feb 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .Copa Holdings S.A. was Upgraded by Credit Suisse to ” Outperform” on Feb 18, 2016.

Copa Holdings S.A. closed down -0.66 points or -1.03% at $63.44 with 5,22,784 shares getting traded on Wednesday. Post opening the session at $63.55, the shares hit an intraday low of $63.26 and an intraday high of $64.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Copa Holdings S.A. (Copa Holdings) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries Copa Airlines and Copa Colombia. Copa Airlines operates from its located position in the Republic of Panama and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama Venezuela Ecuador Mexico Cuba Guatemala and Costa Rica. As of December 31 2013 the Company operates a fleet of 90 aircraft 64 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. The Company offers approximately 327 daily scheduled flights among 66 destinations in 29 countries in North Central and South America and the Caribbean from its Panama City hub. The Company provides passengers with access to flights to more than 150 other destinations through codeshare arrangements with UAL and other airlines.

Copa Holdings S.A.

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