Sun Country Airlines (NASDAQ:SNCY) Announces Earnings Results

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06, Zacks reports. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter last year, the company earned $0.12 EPS. Sun Country Airlines's revenue for the quarter was up 6.1% compared to the same quarter last year. Sun Country Airlines updated its Q1 2025 guidance to EPS.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY traded up $0.32 during trading on Friday, reaching $16.49. The company had a trading volume of 418,978 shares, compared to its average volume of 737,885. The stock's fifty day moving average price is $15.48 and its 200 day moving average price is $13.13. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm has a market capitalization of $873.14 million, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNCY. Susquehanna boosted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price target for the company. The Goldman Sachs Group reissued a "neutral" rating and set a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Finally, Barclays upped their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Sun Country Airlines currently has an average rating of "Moderate Buy" and an average price target of $19.29.

Insiders Place Their Bets

In related news, VP John Gyurci sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now directly owns 11,618 shares of the company's stock, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Davis sold 2,760 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.93, for a total transaction of $43,966.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 242,279 shares of company stock worth $4,031,056. 4.60% of the stock is owned by insiders.

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.