Sun Country Airlines (SNCY) to Release Earnings on Wednesday

Sun Country Airlines (NASDAQ:SNCY) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Sun Country Airlines has set its Q3 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $254.40 million during the quarter, compared to the consensus estimate of $255.59 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was down 2.6% 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 Up 2.4 %

SNCY opened at $12.62 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56. The stock’s 50 day moving average price is $10.97 and its 200 day moving average price is $11.53. The stock has a market cap of $666.46 million, a P/E ratio of 14.02, a P/E/G ratio of 0.66 and a beta of 1.54.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $302,320.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,788 shares of company stock valued at $146,152 over the last ninety days. Insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

SNCY has been the subject of a number of recent analyst reports. Susquehanna decreased their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.