Sun Country Airlines (NASDAQ:SNCY) Posts Earnings Results

Key Points

• Q1 miss: Sun Country reported EPS of $0.43 vs. $0.70 expected (a $0.27 miss) and revenue of $338.37M vs. $345.97M expected, with a net margin of 4.69% and ROE of 8.92%.
• Shares traded at $15.79 on Friday (down $0.02) with a market cap of $855.4M, a P/E of 16.44, and a 52‑week range of $10.14–$22.29.
• Analysts hold a consensus rating of “Hold” with a $20.29 average target (3 Buys, 5 Holds, 1 Sell), and several firms recently adjusted price targets and ratings.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.27), FiscalAI reports. The company had revenue of $338.37 million during the quarter, compared to analysts' expectations of $345.97 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $0.02 during trading on Friday, hitting $15.79. 1,028,217 shares of the company's stock were exchanged, compared to its average volume of 1,205,573. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.79 and a current ratio of 0.82. The business has a 50-day simple moving average of $17.22 and a 200-day simple moving average of $15.77. Sun Country Airlines has a 52-week low of $10.14 and a 52-week high of $22.29. The stock has a market capitalization of $855.39 million, a price-to-earnings ratio of 16.44, a PEG ratio of 0.55 and a beta of 1.59.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research cut shares of Sun Country Airlines from an "outperform" rating to a "peer perform" rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Citigroup raised their price target on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, March 20th. Susquehanna raised shares of Sun Country Airlines from a "neutral" rating to a "positive" rating and raised their price target for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Finally, TD Cowen reaffirmed a "hold" rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Hold" and a consensus target price of $20.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SNCY. Vanguard Group Inc. raised its holdings in shares of Sun Country Airlines by 13.9% during the third quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company's stock worth $56,898,000 after purchasing an additional 589,323 shares during the last quarter. SummitTX Capital L.P. raised its holdings in shares of Sun Country Airlines by 180.6% during the fourth quarter. SummitTX Capital L.P. now owns 875,650 shares of the company's stock worth $12,601,000 after purchasing an additional 563,631 shares during the last quarter. TCW Group Inc. purchased a new position in shares of Sun Country Airlines during the fourth quarter worth $8,041,000. Thomist Capital Management LP raised its holdings in shares of Sun Country Airlines by 1,864.4% during the fourth quarter. Thomist Capital Management LP now owns 555,935 shares of the company's stock worth $8,002,000 after purchasing an additional 527,635 shares during the last quarter. Finally, Nuveen LLC increased its holdings in Sun Country Airlines by 537.7% in the fourth quarter. Nuveen LLC now owns 623,623 shares of the company's stock valued at $8,974,000 after buying an additional 525,824 shares in the last quarter.

About Sun Country Airlines

Sun Country Airlines NASDAQ: SNCY is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.

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