Sun Country Airlines (SNCY) Set to Announce Earnings on Monday

Sun Country Airlines (NASDAQ:SNCY) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Sun Country Airlines has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The company had revenue of $245.54 million during the quarter, compared to analyst estimates of $248.82 million. On average, analysts expect Sun Country Airlines to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.27 during trading on Tuesday, reaching $13.51. 121,914 shares of the company’s stock traded hands, compared to its average volume of 597,225. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.09. Sun Country Airlines has a fifty-two week low of $11.96 and a fifty-two week high of $23.80. The firm has a market cap of $719.95 million, a PE ratio of 11.30, a P/E/G ratio of 0.46 and a beta of 1.62. The company has a 50-day simple moving average of $14.55 and a 200-day simple moving average of $14.57.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 5,073 shares of company stock worth $72,944. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SNCY has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price on the stock in a research report on Monday, February 26th. Susquehanna reaffirmed a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Sun Country Airlines in a research note on Wednesday, January 10th. Finally, Barclays upped their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.