Analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to report $1.58 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Santander Consumer USA’s earnings, with the lowest sales estimate coming in at $1.55 billion and the highest estimate coming in at $1.61 billion. Santander Consumer USA reported sales of $1.63 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, January 31st.

On average, analysts expect that Santander Consumer USA will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $6.23 billion to $6.56 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.63 billion per share, with estimates ranging from $6.55 billion to $6.71 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

A number of equities analysts recently commented on SC shares. BMO Capital Markets boosted their target price on shares of Santander Consumer USA from $14.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 13th. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, October 3rd. Sandler O’Neill reiterated a “buy” rating and set a $18.00 target price (up previously from $16.00) on shares of Santander Consumer USA in a research note on Wednesday, October 4th. Citigroup started coverage on shares of Santander Consumer USA in a research note on Tuesday, October 17th. They set a “neutral” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Santander Consumer USA from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.87.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Santander Consumer USA by 4.7% in the second 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 last quarter. Bank of New York Mellon Corp lifted its position in Santander Consumer USA by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock valued at $11,239,000 after acquiring an additional 78,807 shares during the last quarter. State Street Corp lifted its position in Santander Consumer USA by 16.4% in the second quarter. State Street Corp now owns 1,563,544 shares of the financial services provider’s stock valued at $19,951,000 after acquiring an additional 220,319 shares during the last quarter. Wells Fargo & Company MN lifted its position in Santander Consumer USA by 20.4% in the second quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock valued at $23,392,000 after acquiring an additional 310,796 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in Santander Consumer USA by 168.5% in the second quarter. Riverhead Capital Management LLC now owns 148,683 shares of the financial services provider’s stock valued at $1,897,000 after acquiring an additional 93,310 shares during the last quarter. 91.44% of the stock is owned by hedge funds and other institutional investors.

Santander Consumer USA (SC) opened at $18.85 on Friday. The company has a market cap of $6,740.00, a price-to-earnings ratio of 10.13 and a beta of 1.32. Santander Consumer USA has a 12 month low of $11.12 and a 12 month high of $18.89.

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About Santander Consumer USA

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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