Brokerages expect Santander Consumer USA Holdings Inc. (NYSE:SC) to post $1.60 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Santander Consumer USA Holdings’ earnings. The highest sales estimate is $1.63 billion and the lowest is $1.56 billion. Santander Consumer USA Holdings reported sales of $1.64 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The firm is scheduled to announce its next earnings results before the market opens on Friday, October 27th.

On average, analysts expect that Santander Consumer USA Holdings will report full year sales of $1.60 billion for the current year, with estimates ranging from $6.22 billion to $6.56 billion. For the next year, analysts expect that the firm will report sales of $6.53 billion per share, with estimates ranging from $6.37 billion to $6.68 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Santander Consumer USA Holdings.

Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.79 EPS. The company’s revenue was down 5.6% on a year-over-year basis.

SC has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, July 21st. UBS AG reiterated a “buy” rating and issued a $15.00 target price (down from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. Stephens reiterated an “equal weight” rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.26.

Shares of Santander Consumer USA Holdings (NYSE SC) opened at 14.23 on Friday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 7.53 and a beta of 1.27. Santander Consumer USA Holdings has a 52 week low of $10.57 and a 52 week high of $15.47. The firm’s 50-day moving average is $13.50 and its 200 day moving average is $12.93.

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In other news, CFO Ismail Dawood acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was bought at an average price of $12.94 per share, with a total value of $64,700.00. Following the transaction, the chief financial officer now directly owns 127,609 shares in the company, valued at approximately $1,651,260.46. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Santander Consumer USA Holdings by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after acquiring an additional 403,894 shares during the period. Credit Suisse AG grew its position in shares of Santander Consumer USA Holdings by 150.7% in the 1st quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock valued at $115,492,000 after acquiring an additional 5,212,423 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Santander Consumer USA Holdings by 28.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock valued at $56,411,000 after acquiring an additional 966,516 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Santander Consumer USA Holdings by 4.7% in the 1st 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 acquiring an additional 170,626 shares during the period. Finally, Harbor Spring Capital LLC grew its position in shares of Santander Consumer USA Holdings by 12.9% in the 2nd quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock valued at $42,913,000 after acquiring an additional 384,110 shares during the period. 91.71% of the stock is owned by institutional investors.

Santander Consumer USA Holdings Company Profile

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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