Sun Country Airlines (SNCY) to Release Earnings on Monday

Sun Country Airlines (NASDAQ:SNCY) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Sun Country Airlines to post earnings of $0.69 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $245.54 million during the quarter, compared to the consensus estimate of $248.82 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. 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 Stock Performance

SNCY opened at $13.85 on Friday. The business has a fifty day simple moving average of $14.41 and a 200 day simple moving average of $14.55. The company has a market capitalization of $738.07 million, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. Sun Country Airlines has a 1 year low of $11.96 and a 1 year high of $23.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.65 and a quick ratio of 0.63.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 2,145 shares of the company’s 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 sale, the chief executive officer now directly owns 124,991 shares in the company, valued at approximately $1,793,620.85. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 5,073 shares of company stock worth $72,944 in the last ninety days. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Susquehanna restated 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. Morgan Stanley upgraded 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 report on Monday, February 26th. Finally, Barclays upped their target price on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.