Analysts forecast that Santander Consumer USA Holdings Inc. (NYSE:SC) will post sales of $1.55 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Santander Consumer USA Holdings’ earnings. The lowest sales estimate is $1.50 billion and the highest is $1.59 billion. Santander Consumer USA Holdings posted sales of $1.64 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.5%. The business is scheduled to report its next earnings results before the market opens on Friday, July 28th.

According to Zacks, analysts expect that Santander Consumer USA Holdings will report full year sales of $1.55 billion for the current year, with estimates ranging from $5.99 billion to $6.40 billion. For the next year, analysts forecast that the firm will report sales of $6.25 billion per share, with estimates ranging from $6.00 billion to $6.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Santander Consumer USA Holdings.

Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Santander Consumer USA Holdings had a net margin of 10.73% and a return on equity of 13.59%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the company earned $0.59 earnings per share.

SC has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday. Compass Point upgraded shares of Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $13.50 to $16.00 in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 29th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies initiated coverage on shares of Santander Consumer USA Holdings in a research note on Friday, June 9th. They set a “neutral” rating and a $13.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Santander Consumer USA Holdings currently has an average rating of “Hold” and an average target price of $14.66.

In other news, COO Richard Morrin sold 9,791 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total transaction of $122,583.32. Following the sale, the chief operating officer now owns 80,663 shares of the company’s stock, valued at approximately $1,009,900.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ismail Dawood purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $61,450.00. Following the acquisition, the chief financial officer now owns 117,609 shares in the company, valued at $1,445,414.61. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,000 shares of company stock worth $182,400. Insiders own 0.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in SC. Quantitative Systematic Strategies LLC bought a new stake in shares of Santander Consumer USA Holdings during the second quarter worth about $231,000. Aperio Group LLC increased its stake in shares of Santander Consumer USA Holdings by 11.8% in the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock worth $1,790,000 after buying an additional 14,774 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Santander Consumer USA Holdings by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock worth $736,000 after buying an additional 738 shares during the last quarter. Point72 Asset Management L.P. increased its position in Santander Consumer USA Holdings by 57.4% in the first quarter. Point72 Asset Management L.P. now owns 2,370,000 shares of the financial services provider’s stock worth $31,568,000 after buying an additional 864,608 shares during the last quarter. Finally, Credit Suisse AG increased its position in Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock worth $115,492,000 after buying an additional 5,212,423 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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Santander Consumer USA Holdings (NYSE:SC) opened at 13.63 on Friday. Santander Consumer USA Holdings has a 12-month low of $10.00 and a 12-month high of $15.47. The company’s 50-day moving average is $12.32 and its 200 day moving average is $13.02. The stock has a market capitalization of $4.90 billion, a PE ratio of 6.99 and a beta of 1.29.

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.

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

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