Sun Country Airlines (NASDAQ:SNCY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Sun Country Airlines (NASDAQ:SNCY) issued its earnings results on Monday. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02), Briefing.com reports. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. The firm had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $316.23 million. During the same quarter in the prior year, the company earned $0.68 EPS. Sun Country Airlines’s quarterly revenue was up 5.9% on a year-over-year basis.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock traded up $0.10 on Thursday, hitting $11.44. The company’s stock had a trading volume of 162,287 shares, compared to its average volume of 593,071. The company has a market capitalization of $609.64 million, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. The firm has a fifty day moving average price of $14.22 and a 200-day moving average price of $14.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. Sun Country Airlines has a 1 year low of $11.15 and a 1 year high of $23.80.

Analyst Upgrades and Downgrades

Several analysts have commented on SNCY shares. Susquehanna restated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Sun Country Airlines in a research note on Wednesday, January 10th. Barclays upped their price target on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Monday, February 26th. Finally, TD Cowen reduced their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 5,073 shares of company stock worth $72,944. 3.50% of the stock is owned by corporate 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.