Brokerages Expect Santander Consumer USA Holdings Inc (SC) to Announce $0.32 EPS

Wall Street brokerages expect that Santander Consumer USA Holdings Inc (NYSE:SC) will post $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Santander Consumer USA’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.38. Santander Consumer USA reported earnings of $0.17 per share in the same quarter last year, which would suggest a positive year over year growth rate of 88.2%. The firm is expected to report its next earnings report before the market opens on Wednesday, January 31st.

On average, analysts expect that Santander Consumer USA will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.82 to $2.01. For the next financial year, analysts forecast that the business will post earnings of $2.12 per share, with EPS estimates ranging from $1.86 to $2.33. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Santander Consumer USA.

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

Several research analysts have recently weighed in on the company. Oppenheimer assumed coverage on Santander Consumer USA in a research note on Monday, January 8th. They set a “hold” rating for the company. Zacks Investment Research upgraded Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. JPMorgan Chase & Co. upgraded Santander Consumer USA from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $20.50 to $16.00 in a research note on Friday, January 12th. Barclays set a $18.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Finally, BTIG Research raised their target price on Santander Consumer USA to $21.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Santander Consumer USA currently has an average rating of “Buy” and a consensus target price of $17.87.

Several large investors have recently added to or reduced their stakes in SC. The Manufacturers Life Insurance Company raised its holdings in shares of Santander Consumer USA by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 717 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Santander Consumer USA by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 6,665 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Santander Consumer USA in the 4th quarter valued at about $161,000. Crow Point Partners LLC raised its holdings in shares of Santander Consumer USA by 59.8% in the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of Santander Consumer USA in the 2nd quarter valued at about $189,000. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

Santander Consumer USA (NYSE:SC) traded up $0.29 during mid-day trading on Friday, hitting $18.41. The stock had a trading volume of 2,967,244 shares, compared to its average volume of 1,425,195. The company has a market cap of $6,626.62, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 4.34 and a beta of 1.33. Santander Consumer USA has a 12 month low of $11.12 and a 12 month high of $19.02.

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Santander Consumer USA 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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