Equities analysts predict that Santander Consumer USA Holdings Inc (NYSE:SC) will report sales of $1.61 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Santander Consumer USA’s earnings. The lowest sales estimate is $1.58 billion and the highest is $1.64 billion. Santander Consumer USA posted sales of $1.63 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. The business is expected to announce its next earnings report on Wednesday, April 25th.
On average, analysts expect that Santander Consumer USA will report full year sales of $1.61 billion for the current fiscal year, with estimates ranging from $6.59 billion to $6.64 billion. For the next fiscal year, analysts expect that the business will post sales of $7.12 billion per share, with estimates ranging from $7.03 billion to $7.22 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Santander Consumer USA.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.78%. During the same period last year, the business earned $0.17 EPS.
Several brokerages recently weighed in on SC. Zacks Investment Research cut shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 target price on shares of Santander Consumer USA in a report on Thursday, February 1st. Morgan Stanley raised their target price on shares of Santander Consumer USA from $18.00 to $19.50 and gave the company an “equal weight” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $20.50 to $16.00 in a report on Friday, January 12th. Finally, Oppenheimer began coverage on shares of Santander Consumer USA in a report on Monday, January 8th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.90.
Shares of Santander Consumer USA (NYSE SC) traded up $0.41 during trading hours on Friday, reaching $16.73. 2,108,088 shares of the company traded hands, compared to its average volume of 2,748,303. The firm has a market capitalization of $5,874.33, a PE ratio of 5.07, a price-to-earnings-growth ratio of 3.94 and a beta of 1.16. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $19.02.
The business also recently declared 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 is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, February 9th. Santander Consumer USA’s dividend payout ratio is currently 3.64%.
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Santander Consumer USA by 4.7% during the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after acquiring an additional 403,894 shares during the last quarter. BlackRock Inc. grew its position in shares of Santander Consumer USA by 4.9% during the fourth quarter. BlackRock Inc. now owns 5,535,978 shares of the financial services provider’s stock worth $103,080,000 after acquiring an additional 260,162 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Santander Consumer USA by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock worth $69,037,000 after acquiring an additional 71,016 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Santander Consumer USA by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,898,598 shares of the financial services provider’s stock worth $35,352,000 after acquiring an additional 324,125 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Santander Consumer USA by 466.8% during the fourth quarter. Schroder Investment Management Group now owns 1,669,492 shares of the financial services provider’s stock worth $31,086,000 after acquiring an additional 1,374,957 shares during the last quarter. Institutional investors own 92.38% of the company’s stock.
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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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