Santander Consumer USA Holdings Inc. (SC) Announces Quarterly Earnings Results

Santander Consumer USA Holdings Inc. (NYSE:SC) released its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.13, Bloomberg Earnings reports. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA Holdings had a return on equity of 11.33% and a net margin of 10.17%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS.

Shares of Santander Consumer USA Holdings (NYSE:SC) traded down $0.03 during trading hours on Friday, reaching $16.18. 1,051,300 shares of the company traded hands, compared to its average volume of 1,895,532. Santander Consumer USA Holdings has a twelve month low of $11.12 and a twelve month high of $17.05. The firm has a market cap of $5,823.94, a P/E ratio of 9.25 and a beta of 1.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.12 annualized dividend and a yield of 0.74%. Santander Consumer USA Holdings’s dividend payout ratio (DPR) is currently 6.45%.

A number of large investors have recently modified their holdings of SC. Dimensional Fund Advisors LP lifted its stake in Santander Consumer USA Holdings by 28.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock valued at $56,411,000 after purchasing an additional 966,516 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Santander Consumer USA Holdings in the 2nd quarter valued at about $9,178,000. ALGEBRIS UK Ltd acquired a new stake in Santander Consumer USA Holdings in the 2nd quarter valued at about $8,639,000. Vanguard Group Inc. lifted its stake in Santander Consumer USA Holdings by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after purchasing an additional 403,894 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. acquired a new stake in Santander Consumer USA Holdings in the 2nd quarter valued at about $5,151,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, November 2nd. J P Morgan Chase & Co increased their target price on Santander Consumer USA Holdings from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Jefferies Group LLC increased their target price on Santander Consumer USA Holdings from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 30th. JMP Securities increased their target price on Santander Consumer USA Holdings from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, Citigroup Inc. increased their target price on Santander Consumer USA Holdings from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Santander Consumer USA Holdings currently has a consensus rating of “Buy” and a consensus price target of $17.00.

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About Santander Consumer USA Holdings

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

Earnings History for Santander Consumer USA Holdings (NYSE:SC)

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