Sun Country Airlines (NASDAQ:SNCY) Posts Quarterly Earnings Results, Hits Estimates

Sun Country Airlines (NASDAQ:SNCY) posted its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Briefing.com reports. The firm had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Sun Country Airlines updated its Q4 2024 guidance to EPS.

Sun Country Airlines Stock Up 7.5 %

SNCY traded up $1.05 on Friday, hitting $15.10. 2,448,388 shares of the company were exchanged, compared to its average volume of 869,446. The firm has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $11.54. The company has a market cap of $799.39 million, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $17.56. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96.

Insider Activity

In other Sun Country Airlines news, 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 transaction of $33,900.00. Following the completion of the sale, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 7,788 shares of company stock valued at $85,852. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SNCY shares. Susquehanna dropped their target price on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.