Santander Consumer USA Holdings Inc. (NYSE:SC) – Equities research analysts at Jefferies Group lowered their Q2 2018 earnings estimates for shares of Santander Consumer USA Holdings in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.70. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Santander Consumer USA Holdings’ Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $2.02 EPS.

Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.56%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS.

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Several other research firms also recently weighed in on SC. Zacks Investment Research downgraded shares of Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. JMP Securities upgraded shares of Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Tuesday, July 18th. BMO Capital Markets dropped their target price on shares of Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, July 31st. Finally, UBS AG restated a “buy” rating and set a $15.00 target price (down from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Santander Consumer USA Holdings presently has a consensus rating of “Buy” and a consensus price target of $16.86.

Shares of Santander Consumer USA Holdings (NYSE:SC) traded up 1.08% during midday trading on Wednesday, reaching $16.82. 2,022,253 shares of the company’s stock were exchanged. The firm has a market cap of $6.05 billion, a PE ratio of 8.90 and a beta of 1.29. Santander Consumer USA Holdings has a one year low of $10.76 and a one year high of $17.00. The stock’s 50-day moving average is $15.17 and its 200 day moving average is $13.34.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Santander Consumer USA Holdings by 4.7% during the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after purchasing an additional 403,894 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Santander Consumer USA Holdings by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock worth $11,239,000 after purchasing an additional 78,807 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Santander Consumer USA Holdings by 20.4% during the second quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock worth $23,392,000 after purchasing an additional 310,796 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Santander Consumer USA Holdings by 168.5% during the second quarter. Riverhead Capital Management LLC now owns 148,683 shares of the financial services provider’s stock worth $1,897,000 after purchasing an additional 93,310 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Santander Consumer USA Holdings by 11.8% during the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock worth $1,790,000 after purchasing an additional 14,774 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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