Santander Consumer USA Holdings Inc (NYSE:SC) fell 0.4% on Thursday following a weaker than expected earnings announcement. The company traded as low as $16.93 and last traded at $17.32. 1,710,679 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 2,318,816 shares. The stock had previously closed at $17.25.
The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $0.17 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, February 9th. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. Santander Consumer USA’s dividend payout ratio is currently 6.45%.
Several equities analysts have issued reports on SC shares. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, November 2nd. Barclays set a $18.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a research note on Tuesday, December 12th. Goldman Sachs Group started coverage on shares of Santander Consumer USA in a research note on Monday, December 4th. They issued a “buy” rating and a $21.00 price objective for the company. Oppenheimer started coverage on shares of Santander Consumer USA in a research note on Monday, January 8th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA has a consensus rating of “Buy” and a consensus price target of $18.90.
Several institutional investors and hedge funds have recently made changes to their positions in SC. The Manufacturers Life Insurance Company boosted its stake in shares of Santander Consumer USA by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Santander Consumer USA during the fourth quarter worth about $161,000. Crow Point Partners LLC boosted its stake in shares of Santander Consumer USA by 59.8% during the fourth quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock worth $174,000 after buying an additional 3,500 shares during the period. Numeric Investors LLC acquired a new stake in shares of Santander Consumer USA during the second quarter worth about $189,000. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Santander Consumer USA during the third quarter worth about $190,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
The company has a market cap of $6,651.81, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 4.35 and a beta of 1.33.
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About Santander Consumer USA
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.
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