Wall Street analysts forecast that Santander Consumer USA Holdings Inc. (NYSE:SC) will report $0.36 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Santander Consumer USA Holdings’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.41. Santander Consumer USA Holdings posted earnings of $0.59 per share in the same quarter last year, which would suggest a negative year over year growth rate of 39%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, October 27th.

According to Zacks, analysts expect that Santander Consumer USA Holdings will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.76. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.89 per share, with EPS estimates ranging from $1.54 to $2.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Santander Consumer USA Holdings.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping 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 analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, October 3rd. Sandler O’Neill reissued a “buy” rating and set a $18.00 target price (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Citigroup Inc. assumed coverage on shares of Santander Consumer USA Holdings in a research note on Tuesday, October 17th. They set a “neutral” rating and a $16.00 target price on the stock. ValuEngine raised shares of Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Susquehanna Bancshares Inc raised shares of Santander Consumer USA Holdings from a “neutral” rating to a “positive” rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.08.

Shares of Santander Consumer USA Holdings (NYSE SC) traded up 0.52% on Monday, reaching $15.47. 86,919 shares of the company’s stock traded hands. Santander Consumer USA Holdings has a 52 week low of $10.76 and a 52 week high of $15.87. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 8.19 and a beta of 1.29. The company has a 50 day moving average price of $14.90 and a 200 day moving average price of $13.16.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC boosted its holdings in shares of Santander Consumer USA Holdings by 440.6% in the third quarter. Quantitative Systematic Strategies LLC now owns 97,038 shares of the financial services provider’s stock worth $1,491,000 after buying an additional 79,088 shares during the period. Ardsley Advisory Partners boosted its holdings in shares of Santander Consumer USA Holdings by 2.5% in the second quarter. Ardsley Advisory Partners now owns 410,000 shares of the financial services provider’s stock worth $5,234,000 after buying an additional 10,000 shares during the period. Proxima Capital Management LLC boosted its holdings in shares of Santander Consumer USA Holdings by 15.9% in the second quarter. Proxima Capital Management LLC now owns 400,000 shares of the financial services provider’s stock worth $5,104,000 after buying an additional 55,000 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Santander Consumer USA Holdings by 26.1% in the second quarter. California State Teachers Retirement System now owns 272,363 shares of the financial services provider’s stock worth $3,475,000 after buying an additional 56,451 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Santander Consumer USA Holdings by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the period. Institutional investors own 91.80% of the company’s stock.

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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