Santander Consumer USA Holdings Inc. (NYSE:SC) Set to Announce Earnings on Friday
Santander Consumer USA Holdings Inc. (NYSE:SC) will post its quarterly earnings results before the market opens on Friday, July 28th. Analysts expect Santander Consumer USA Holdings to post earnings of $0.62 per share for the quarter.
Santander Consumer USA Holdings (NYSE:SC) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. Santander Consumer USA Holdings had a net margin of 10.73% and a return on equity of 13.59%. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts expect Santander Consumer USA Holdings to post $1.74 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Santander Consumer USA Holdings Inc. (NYSE:SC) traded down 0.260% during mid-day trading on Thursday, reaching $13.405. 2,334,881 shares of the company were exchanged. The stock’s 50-day moving average is $12.56 and its 200-day moving average is $13.01. The company has a market cap of $4.82 billion, a P/E ratio of 6.874 and a beta of 1.29. Santander Consumer USA Holdings Inc. has a 12 month low of $10.57 and a 12 month high of $15.47.
In related news, CFO Ismail Dawood acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $12.29 per share, with a total value of $61,450.00. Following the purchase, the chief financial officer now owns 117,609 shares of the company’s stock, valued at $1,445,414.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Richard Morrin sold 9,791 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total value of $122,583.32. Following the completion of the transaction, the chief operating officer now directly owns 80,663 shares in the company, valued at $1,009,900.76. The disclosure for this sale can be found here. Insiders purchased a total of 15,000 shares of company stock worth $182,400 over the last three months. 0.36% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, June 30th. JMP Securities upgraded Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, July 18th. Compass Point upgraded Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.50 to $16.00 in a report on Thursday, April 27th. BidaskClub upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Finally, ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.66.
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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