Sun Country Airlines (SNCY) to Release Earnings on Monday

Sun Country Airlines (NASDAQ:SNCY) is projected to issue its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $0.21 per share and revenue of $258.04 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 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

NASDAQ:SNCY opened at $16.96 on Friday. The company has a market cap of $897.86 million, a price-to-earnings ratio of 20.94, a PEG ratio of 0.37 and a beta of 1.44. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a fifty day moving average price of $15.32 and a 200-day moving average price of $13.03.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SNCY shares. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average target price of $19.29.

Insider Transactions at Sun Country Airlines

In related news, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares of the company’s stock, valued at $448,512.96. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 282,047 shares of company stock worth $4,637,162. Corporate insiders own 4.60% 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.