Sun Country Airlines (SNCY) Set to Announce Quarterly Earnings on Thursday

Sun Country Airlines (NASDAQ:SNCY) will issue its quarterly earnings data on Thursday, April 25th. Sun Country Airlines has set its Q1 2024 guidance at EPS.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, January 31st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $245.54 million during the quarter, compared to analysts’ expectations of $248.82 million. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. 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 Down 1.5 %

Shares of NASDAQ SNCY opened at $14.82 on Wednesday. The company has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $14.59. The firm has a market cap of $789.76 million, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. 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 at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,145 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the transaction, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 5,073 shares of company stock worth $72,944 in the last quarter. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SNCY. Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research note on Monday, February 26th. Barclays boosted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.