Sun Country Airlines (NASDAQ:SNCY) Posts Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Sun Country Airlines (NASDAQ:SNCY) released its quarterly earnings data on Friday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.27), FiscalAI reports. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The business had revenue of $338.37 million during the quarter, compared to analysts’ expectations of $345.97 million.

Sun Country Airlines Price Performance

NASDAQ:SNCY traded down $0.02 during mid-day trading on Friday, reaching $15.79. 1,028,217 shares of the stock were exchanged, compared to its average volume of 1,205,573. The business has a fifty day moving average price of $17.22 and a 200 day moving average price of $15.77. The firm has a market capitalization of $855.39 million, a PE ratio of 16.44, a PEG ratio of 0.55 and a beta of 1.59. Sun Country Airlines has a 1-year low of $10.14 and a 1-year high of $22.29. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup increased their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Weiss Ratings lowered shares of Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Finally, TD Cowen reiterated a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sun Country Airlines presently has a consensus rating of “Hold” and an average price target of $20.29.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sun Country Airlines by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after acquiring an additional 1,014 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Sun Country Airlines by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock valued at $14,384,000 after buying an additional 74,558 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Sun Country Airlines by 2.0% in the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after buying an additional 4,569 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Sun Country Airlines in the 1st quarter worth approximately $88,000. Finally, Creative Planning raised its position in shares of Sun Country Airlines by 115.3% in the second quarter. Creative Planning now owns 34,728 shares of the company’s stock valued at $408,000 after purchasing an additional 18,596 shares during the period.

Sun Country Airlines Company Profile

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.