Sun Country Airlines (SNCY) Set to Announce Quarterly Earnings on Thursday

Sun Country Airlines (NASDAQ:SNCY) will be issuing its quarterly earnings data on Thursday, April 25th. Sun Country Airlines has set its Q1 2024 guidance at EPS.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share 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 business had revenue of $245.54 million for 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 SNCY stock opened at $14.82 on Wednesday. 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 capitalization of $789.76 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. The stock’s 50-day simple moving average is $14.67 and its 200-day simple moving average is $14.59.

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at approximately $1,793,620.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 5,073 shares of company stock worth $72,944 in the last three months. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on SNCY. Susquehanna reiterated a “neutral” rating and issued a $15.00 target price (down previously from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Barclays upped their target price on Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

About Sun Country Airlines

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.