Sun Country Airlines (SNCY) Scheduled to Post Earnings on Thursday

Sun Country Airlines (NASDAQ:SNCY) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. During the same quarter in the prior year, the company posted $0.68 EPS. Sun Country Airlines’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect Sun Country Airlines to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded up $0.20 during midday trading on Tuesday, reaching $12.64. 168,691 shares of the company traded hands, compared to its average volume of 614,977. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $21.69. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59. The business has a 50 day moving average of $11.45 and a two-hundred day moving average of $13.13. The firm has a market capitalization of $665.00 million, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total value of $26,325.32. Following the sale, the chief executive officer now owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jude Bricker sold 2,086 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the transaction, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the completion of the sale, the senior vice president now owns 26,355 shares in the company, valued at approximately $327,329.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,964 shares of company stock worth $189,075. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price target on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

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.