Brokerages Expect Santander Consumer USA Holdings Inc (SC) Will Post Quarterly Sales of $1.61 Billion

Equities research analysts expect that Santander Consumer USA Holdings Inc (NYSE:SC) will announce sales of $1.61 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Santander Consumer USA’s earnings. The lowest sales estimate is $1.58 billion and the highest is $1.64 billion. Santander Consumer USA reported sales of $1.63 billion during the same quarter last year, which indicates a negative year over year growth rate of 1.2%. The company is scheduled to report its next earnings report on Wednesday, April 25th.

On average, analysts expect that Santander Consumer USA will report full-year sales of $1.61 billion for the current year, with estimates ranging from $6.59 billion to $6.64 billion. For the next year, analysts forecast that the firm will report sales of $7.12 billion per share, with estimates ranging from $7.03 billion to $7.22 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a return on equity of 11.78% and a net margin of 18.09%. During the same period in the previous year, the company earned $0.17 earnings per share.

Several research analysts recently commented on the company. Zacks Investment Research raised Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. JMP Securities increased their price objective on Santander Consumer USA from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. UBS Group increased their price objective on Santander Consumer USA from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Jefferies Group increased their price objective on Santander Consumer USA from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.90.

Several institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in shares of Santander Consumer USA by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,898,598 shares of the financial services provider’s stock worth $35,352,000 after acquiring an additional 324,125 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Santander Consumer USA by 12.2% in the 4th quarter. First Trust Advisors LP now owns 1,173,581 shares of the financial services provider’s stock worth $21,852,000 after acquiring an additional 127,672 shares during the last quarter. Barings LLC acquired a new stake in shares of Santander Consumer USA in the 4th quarter worth $585,000. California Public Employees Retirement System increased its stake in shares of Santander Consumer USA by 5.9% in the 4th quarter. California Public Employees Retirement System now owns 619,395 shares of the financial services provider’s stock worth $11,533,000 after acquiring an additional 34,429 shares during the last quarter. Finally, Price Capital Management Inc. acquired a new stake in shares of Santander Consumer USA in the 4th quarter worth $3,865,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Santander Consumer USA (NYSE:SC) opened at $16.29 on Friday. Santander Consumer USA has a 52 week low of $11.12 and a 52 week high of $19.02. The firm has a market capitalization of $5,890.00, a P/E ratio of 4.94, a PEG ratio of 4.11 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 9th. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. Santander Consumer USA’s dividend payout ratio (DPR) is 3.64%.

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

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