Sun Country Airlines (SNCY) Scheduled to Post Quarterly Earnings on Wednesday

Sun Country Airlines (NASDAQ:SNCY) is scheduled to be announcing its earnings results 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Shares of NASDAQ:SNCY opened at $13.04 on Tuesday. The company has a market cap of $688.64 million, a P/E ratio of 14.49, a P/E/G ratio of 0.66 and a beta of 1.54. The business has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $11.52. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $17.56. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01.

Insider Transactions at Sun Country Airlines

In related news, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total transaction of $60,300.00. Following the completion of the sale, the senior vice president now directly owns 25,068 shares of the company’s stock, valued at approximately $302,320.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Grant Whitney sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the sale, the senior vice president now directly owns 25,068 shares in the company, valued at approximately $302,320.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock valued at $146,152 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNCY. Susquehanna cut their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a 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 target on the stock in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

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.