Sun Country Airlines (SNCY) to Release Quarterly Earnings on Wednesday

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Sun Country Airlines to post earnings of $0.03 per share for the quarter. Sun Country Airlines has set its Q3 2024 guidance at EPS.Investors interested in listening to the company's earnings conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $254.40 million for the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm 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 Stock Performance

Sun Country Airlines stock traded down $0.32 during midday trading on Thursday, reaching $12.33. 684,954 shares of the company traded hands, compared to its average volume of 636,458. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The business has a 50 day moving average of $10.85 and a two-hundred day moving average of $11.59. The firm has a market capitalization of $651.15 million, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54.

Insider Transactions at Sun Country Airlines

In related news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the transaction, the senior vice president now directly owns 25,068 shares in the company, valued at approximately $302,320.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were 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 directly owns 14,407 shares in the company, valued at $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,788 shares of company stock worth $146,152 in the last three months. Corporate insiders own 4.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNCY shares. Susquehanna dropped their price target on Sun Country Airlines from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, August 16th. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.20.

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.