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

Sun Country Airlines (NASDAQ:SNCY) is scheduled to post its quarterly earnings results on Thursday, April 25th. Sun Country Airlines has set its Q1 2024 guidance at EPS.

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

SNCY opened at $14.82 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.65 and a quick ratio of 0.63. The business has a 50 day simple moving average of $14.67 and a 200-day simple moving average of $14.59. The stock has a market capitalization of $789.76 million, a P/E ratio of 12.15, a P/E/G ratio of 0.51 and a beta of 1.62. Sun Country Airlines has a 12 month low of $11.96 and a 12 month high of $23.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Monday, February 26th. Barclays lifted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Finally, Susquehanna reissued a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.60.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the transaction, the chief executive officer now owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 5,073 shares of company stock valued at $72,944. Corporate insiders own 3.50% of the company’s stock.

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.