Sun Country Airlines (SNCY) to Release Earnings on Monday

Sun Country Airlines (NASDAQ:SNCY) is expected to be posting its quarterly earnings results after the market closes on Monday, February 3rd. Analysts expect Sun Country Airlines to post earnings of $0.21 per share and revenue of $258.04 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 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 Price Performance

SNCY opened at $16.96 on Friday. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.51. 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 company has a market capitalization of $897.86 million, a price-to-earnings ratio of 20.94, a P/E/G ratio of 0.37 and a beta of 1.44. The firm’s fifty day moving average price is $15.32 and its two-hundred day moving average price is $13.03.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 27,482 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the transaction, the vice president now owns 11,618 shares of the company’s stock, valued at approximately $198,551.62. The trade was a 70.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $550,033. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 282,047 shares of company stock valued at $4,637,162 over the last three months. Company insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.