Sun Country Airlines (SNCY) to Release Earnings on Thursday

Sun Country Airlines (NASDAQ:SNCY) will be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Sun Country Airlines to post earnings of $0.06 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million for the quarter, compared to analyst estimates of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. 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 Stock Performance

SNCY opened at $12.82 on Wednesday. The firm has a market cap of $674.46 million, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.55 and a beta of 1.56. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $21.69. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. The business’s fifty day moving average is $11.50 and its 200-day moving average is $13.12.

Insider Activity

In other news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the sale, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $327,329.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jude Bricker sold 2,086 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the completion of the transaction, the chief executive officer now directly owns 122,905 shares in the company, valued at $1,551,061.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.42, for a total value of $62,100.00. Following the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $327,329.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,964 shares of company stock valued at $189,075. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on SNCY. TD Cowen raised their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a research note on Thursday, June 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

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.