Santander Consumer USA Holdings Inc. (SC) Expected to Announce Earnings of $0.35 Per Share
Analysts predict that Santander Consumer USA Holdings Inc. (NYSE:SC) will announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Two analysts have made estimates for Santander Consumer USA Holdings’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Santander Consumer USA Holdings posted earnings per share of $0.59 during the same quarter last year, which indicates a negative year-over-year growth rate of 40.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Santander Consumer USA Holdings will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.95. For the next fiscal year, analysts expect that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.50 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Santander Consumer USA Holdings.
Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS.
A number of analysts recently issued reports on the company. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a research report on Friday, May 12th. Compass Point upgraded Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.50 to $16.00 in a research report on Thursday, April 27th. Zacks Investment Research downgraded Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.63.
Shares of Santander Consumer USA Holdings (SC) traded down 0.68% during midday trading on Wednesday, hitting $13.19. 1,027,394 shares of the stock were exchanged. The firm’s 50-day moving average is $12.82 and its 200 day moving average is $12.98. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The firm has a market cap of $4.74 billion, a PE ratio of 6.98 and a beta of 1.29.
In other news, CFO Ismail Dawood acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 122,609 shares of the company’s stock, valued at approximately $1,379,351.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 15,000 shares of company stock valued at $182,400 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Credit Suisse AG raised 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 valued at $115,492,000 after buying an additional 5,212,423 shares during the period. Vanguard Group Inc. raised its position in Santander Consumer USA Holdings by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock valued at $114,933,000 after buying an additional 370,437 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Santander Consumer USA Holdings by 4.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,801,644 shares of the financial services provider’s stock valued at $50,638,000 after buying an additional 170,626 shares during the period. Dimensional Fund Advisors LP raised its position in Santander Consumer USA Holdings by 34.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,454,199 shares of the financial services provider’s stock valued at $46,010,000 after buying an additional 876,530 shares during the period. Finally, Point72 Asset Management L.P. raised 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 valued at $31,568,000 after buying an additional 864,608 shares during the period. Institutional investors own 93.20% of the company’s stock.
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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.
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