SNCY

Airline Profit Estimates: Wall Street is revising profit estimates for major U.S. airlines due to negative updates from carriers amid economic uncertainty, accidents, and severe weather.

Stock Market Reaction: Airline stocks declined on Wednesday after initially rising in pre-market trading.

Analyst Ratings: Evercore ISI analyst Duane Pfennigwerth has maintained a Buy rating on Sun Country Airlines with a price target of $20.00, while the stock currently trades at $13.24. The overall analyst consensus for the company is a Strong Buy with a higher price target of $23.20.

Insider Activity and Stock Performance: Recent insider activity shows negative sentiment as insiders have been selling shares, with a notable sale by the Chief Accounting Officer. The stock has fluctuated between a one-year high of $18.59 and a low of $9.22, and the company recently announced a secondary stock offering of 6.35 million shares.

Airline Stocks Decline: Major U.S. airlines are experiencing significant stock declines amid economic concerns following a Donald Trump interview, with shares of American, United, Delta, Southwest, and Alaska down between 3% and 8%.

Operational Challenges: The airline industry is facing operational difficulties, including a shortage of experienced air traffic controllers, which has contributed to negative flying sentiment since a recent plane crash in Toronto.

Upcoming Presentation: Sun Country Airlines President and CFO Dave Davis will present at the J.P. Morgan 2025 Industrials Conference on March 11, 2025, at 4:10 PM EST, with a live webcast available on their investor relations website.

Company Overview: Sun Country Airlines is a hybrid low-cost carrier based in Minnesota, focusing on leisure travel, charter services, and cargo operations, including flights to various destinations in the U.S., Mexico, Central America, Canada, and the Caribbean.

Sun Country Airlines Expands Booking Options: Sun Country Airlines is extending its booking schedule through December 9, 2025, allowing customers to plan fall travel with increased flights for MEA and Thanksgiving destinations like Fort Myers, Orlando, Las Vegas, and Phoenix.

Focus on Leisure Travel and Local Partnerships: The airline emphasizes its extensive route map from MSP, catering to leisure travelers and sports fans, while also highlighting partnerships with Minnesota-based companies for onboard services and products.

Upcoming Event: Sun Country Airlines President Dave Davis will speak at the Barclays Industrial Conference on February 20, 2025, at 11:00 AM EST, with a live webcast available on their investor relations website.

Company Overview: Sun Country Airlines is a hybrid low-cost carrier based in Minnesota, focusing on leisure travel and cargo services, including flights to various destinations in North America and beyond.

Secondary Public Offering Announcement: Sun Country Airlines has initiated a secondary public offering of 6,346,105 shares of common stock by an affiliate of Apollo Global Management, with the airline not selling any shares or receiving proceeds from the offering.

Concurrent Share Repurchase Plan: The airline plans to repurchase approximately $10 million worth of its own shares from the underwriters as part of the offering, funded by existing cash on hand.

Joint Book Running Managers: Barclays and Morgan Stanley are serving as joint book running managers for a stock offering by Sun Country Airlines.

Stock Offering Details: Sun Country Airlines has announced a secondary stock offering of 6.35 million shares, with an increased price target raised to $27 from $20 at TD Cowen, reflecting strong future performance expectations.

Analyst Upgrade: TD Cowen analyst Tom Fitzgerald increased the price target for Sun Country Airlines (SNCY) from $20 to $27, maintaining a Buy rating based on updated estimates reflecting recent quarterly results and conservative guidance for 1Q25.

Financial Performance: Sun Country Airlines reported a strong financial year with record earnings, achieving an adjusted EPS of 27 cents against a consensus of 20 cents, and expects Q1 revenue between $330M-$340M, aligning closely with market expectations.

Financial Performance: Sun Country Airlines reported a net income of $13.44 million for Q4, significantly up from $5.65 million the previous year, with adjusted income also rising to $15 million. Revenue increased by 6.1% to $260.41 million, surpassing analyst expectations.

Operational Metrics: The airline's load factor decreased to 81.6%, while revenue passenger miles slightly declined by 0.3%. For Q1, Sun Country anticipates revenue between $330 million and $340 million, reflecting a growth of 6% to 9%.

Insider Trading Activity: John Gyurci, Chief Accounting Officer of $SNCY, sold 200 shares for approximately $3,400 on January 29, 2025, marking a total of 44 insider sales without any purchases in the past six months.

Institutional Investor Movements: In the latest quarter, 75 institutional investors increased their holdings in $SNCY stock while 69 reduced their positions.

Insider Trading Activity: John Gyurci, Chief Accounting Officer of $SNCY, sold 27,482 shares on January 27, 2025, representing about 70.3% of his holdings, leaving him with 11,618 shares; in the past six months, all 44 insider trades were sales with no purchases reported.

Institutional Investor Movements: In the latest quarter, 74 institutional investors increased their positions in $SNCY stock while 71 decreased theirs, indicating mixed sentiment among large shareholders.

Insider Trading Activity: John Gyurci, Chief Accounting Officer of $SNCY, sold 400 shares for approximately $6,800, marking a 3.3% reduction in his holdings, with no insider purchases reported in the last six months.

Institutional Investor Movements: In the latest quarter, 74 institutional investors increased their positions in $SNCY while 70 reduced theirs, indicating mixed sentiment among large shareholders.

Analyst Coverage and Ratings: JPMorgan analyst James Kirby initiated coverage of Sun Country Airlines with an Overweight rating and a price target of $23, highlighting the growth in its low-cost carrier share at MSP airport and the significant contributions from its Charter and Cargo operations.

Financial Outlook: Kirby projects pre-tax margins of 13% and 14% for 2025 and 2026, respectively, driven by a ramping Cargo business and an improving domestic leisure market, while noting the company's profitability, revenue diversity, and strong balance sheet.

Stock Upgrades and Downgrades: Several Wall Street firms have made significant upgrades and downgrades to various stocks, including Bank of America raising Netflix's price target, Wells Fargo upgrading Charles Schwab and 3M, and Barclays upgrading Netflix to equal weight due to strong subscriber growth.

Market Outlook and Earnings Predictions: Analysts express optimism for companies like McDonald's, Meta, and Microsoft ahead of their earnings reports, while concerns remain for Apple and Ford due to expected mixed results and uncertainties in cost improvements.

Analyst Ratings Updates: Several Wall Street analysts have initiated coverage on various companies, including Orthofix Medical (Buy, $24 target), Sun Country Airlines (Overweight, $23 target), Viking Holdings (Neutral, $49 target), Cytokinetics (Buy, $80 target), and Absci Corporation (Buy, $9 target).

Current Stock Prices: As of Tuesday's close, the stock prices for these companies were Orthofix Medical at $18.36, Sun Country Airlines at $16.63, Viking Holdings at $48.49, Cytokinetics at $45.82, and Absci Corporation at $3.22.

Analyst Ratings: Helane Becker from TD Cowen has maintained a Buy rating on Sun Country Airlines Holdings (SNCY) with a price target of $20.00, while Barclays also holds a Buy rating with a target of $24.00. The current analyst consensus is a Moderate Buy with an average price target of $19.50.

Insider Activity: Recent corporate insider activity indicates negative sentiment towards SNCY, with an increase in insiders selling shares, including a notable sale by SVP Erin Rose Neale of 2,434 shares.

Earnings Call Announcement: Sun Country Airlines will hold its fourth quarter and full year 2024 earnings call on February 4, 2025, at 8:30 a.m. Eastern Time, accessible via their investor relations website.

Company Overview: Sun Country Airlines is a hybrid low-cost carrier based in Minnesota, focusing on leisure travel, charter services, and cargo operations, including flights to various destinations across the U.S., Mexico, Central America, Canada, and the Caribbean.

Insider Trading Activity: Erin Rose Neale, SVP of $SNCY, sold 1,607 shares (5.5% of their holdings) on January 6, 2025, marking a total of 21 insider sales without any purchases in the last six months.

Institutional Investor Movements: In the most recent quarter, 74 institutional investors increased their positions in $SNCY, while 69 reduced theirs, indicating mixed sentiment among large shareholders.

Insider Trading Activity: Gregory A. Mays, COO of $SNCY, sold 1,036 shares on January 3, 2025, representing about 1.5% of his holdings, leaving him with 66,351 shares. In the past six months, all 26 insider trades were sales, with no purchases reported.

Institutional Investor Movements: In the latest quarter, 74 institutional investors increased their positions in $SNCY, while 69 reduced theirs, indicating mixed sentiment among large shareholders.