Santander Consumer USA Holdings Inc. (NYSE: SC) to report quarterly sales of $ 1.95 billion
Stock analysts expect Santander Consumer USA Holdings Inc. (NYSE: SC) to report sales of $ 1.95 billion for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Santander Consumer USA, with the highest sales estimate at $ 1.96 billion and the lowest estimate at $ 1.93 billion. Santander Consumer USA reported sales of $ 2.06 billion in the same quarter last year, suggesting a negative growth rate of 5.3% year-on-year. The company is expected to announce its next quarterly earnings report on Wednesday, February 2.
On average, analysts expect Santander Consumer USA to report annual revenue of $ 7.85 billion for the current fiscal year, with estimates ranging from $ 7.80 billion to $ 7.91. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 7.90 billion, with estimates ranging from $ 7.79 billion to $ 8.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sales-side research analysts who track Santander Consumer USA.
Santander Consumer USA (NYSE: SC) last released its quarterly results on Wednesday, October 27. The financial services provider reported EPS of $ 2.49 for the quarter, beating the consensus estimate of $ 1.92 by $ 0.57. Santander Consumer USA reported a return on equity of 45.67% and a net margin of 38.91%. The company posted revenue of $ 1.34 billion for the quarter, compared to a consensus estimate of $ 1.40 billion. In the same quarter of last year, the company made earnings per share of $ 1.58. The company’s revenue for the quarter increased 5.9% from the same quarter last year.
A number of equity research analysts recently published reports on the company. Morgan Stanley raised its price target on Santander Consumer USA from $ 39.00 to $ 41.50 and gave the stock an âequal weightâ rating in a Friday September 3 research note. BMO Capital Markets lowered its price target for Santander Consumer USA from $ 48.00 to $ 41.50 and established a âmarket performanceâ rating on the stock in a report released on Wednesday, August 25. Zacks Investment Research downgraded Santander Consumer USA from a âbuyâ rating to a âconservationâ rating in a Tuesday, November 2 research note. Credit Suisse Group Downgraded Santander Consumer USA’s Rating from “Outperforming” to “Neutral” and Lowered Target Share Price from $ 42.00 to $ 41.50 in Research Note from Tuesday August 24. Finally, Barclays increased its price target on Santander Consumer USA from $ 39.00 to $ 41.00 and gave the stock an âequal weightâ rating in a research note on Monday, October 11. One analyst rated the stock with a sell rating, ten assigned a conservation rating, and two assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of âHoldâ and a consensus price target of $ 37.73.
NYSE SC opened at $ 41.70 on Friday. The stock has a market cap of $ 12.76 billion, a PE ratio of 4.15, a P / E / G ratio of 0.25, and a beta of 1.02. The company has a 50-day simple moving average of $ 41.88 and a 200-day simple moving average of $ 40.85. The company has a debt to equity ratio of 4.84, a current ratio of 58.64 and a rapid ratio of 58.64. Santander Consumer USA has a one-year low at $ 20.36 and a one-year high at $ 42.87.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 9. Investors of record on Monday, November 29 received a dividend of $ 0.22. The ex-dividend date was Friday, November 26. This represents a dividend of $ 0.88 on an annualized basis and a return of 2.11%. Santander Consumer USA’s distribution rate is 8.75%.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new position in shares of Santander Consumer USA during the second quarter for a value of approximately $ 29,000. Metropolitan Life Insurance Co NY acquired a new position in Santander Consumer USA shares during the second quarter for a value of approximately $ 45,000. Federated Hermes Inc. acquired a new position in shares of Santander Consumer USA during the second quarter for a value of approximately $ 48,000. Advisory Services Network LLC acquired a new position in shares of Santander Consumer USA during the second quarter for a value of approximately $ 48,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in the shares of Santander Consumer USA during the second quarter valued at approximately $ 49,000. 99.40% of the shares are held by institutional investors.
About Santander Consumer USA
Santander Consumer USA Holdings, Inc provides consumer finance services. It offers installment sales contracts, vehicle leases, dealer loans, financial products and services related to motorcycles, automobiles and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, Texas.
Further reading: overweight
Get a free copy of Zacks’ research report on Santander Consumer USA (SC)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in Santander Consumer USA right now?
Before you consider Santander Consumer USA, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of … and Santander Consumer USA was not on the list.
While Santander Consumer USA currently has a âHoldâ rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here