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

Sun Country Airlines (NASDAQ:SNCY) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Sun Country Airlines to post earnings of $0.03 per share for the quarter. Sun Country Airlines has set its Q3 2024 guidance at EPS.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The company had revenue of $254.40 million during the quarter, compared to analyst estimates of $255.59 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. 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 Down 0.8 %

Shares of SNCY stock opened at $12.65 on Thursday. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56. The firm has a market cap of $668.05 million, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54. The stock has a 50 day moving average of $10.85 and a 200-day moving average of $11.59. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNCY. Susquehanna cut their price target on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.20.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP John Gyurci sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Grant Whitney sold 5,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $12.06, for a total value of $60,300.00. Following the sale, the senior vice president now owns 25,068 shares in the company, valued at $302,320.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock worth $146,152 over the last three months. 4.60% of the stock is currently owned by corporate insiders.

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.