Sun Country Airlines (NASDAQ:SNCY) Issues Earnings Results, Beats Estimates By $0.03 EPS

Sun Country Airlines (NASDAQ:SNCY) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03, Briefing.com reports. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The business had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue was up .2% compared to the same quarter last year. Sun Country Airlines updated its Q4 2024 guidance to EPS.

Sun Country Airlines Trading Up 1.6 %

Shares of NASDAQ SNCY traded up $0.20 during trading hours on Wednesday, hitting $12.78. 527,785 shares of the company traded hands, compared to its average volume of 636,960. The company’s 50 day moving average price is $11.15 and its 200 day moving average price is $11.52. The stock has a market capitalization of $674.87 million, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wolfe Research raised 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. Susquehanna reduced their price objective on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the company’s 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 transaction, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the vice president now directly owns 14,407 shares in the company, valued at approximately $162,799.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the company’s 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 completion of the sale, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,788 shares of company stock valued at $146,152 in the last quarter. 4.60% of the stock is owned by insiders.

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.