Zacks: Analysts expect Santander Consumer USA Holdings Inc. (NYSE: SC) to post earnings of $ 1.80 per share
Equity research analysts expect Santander Consumer USA Holdings Inc. (NYSE: SC) to report earnings per share of $ 1.80 for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Santander Consumer USA, with the highest EPS estimate being $ 2.55 and the lowest estimate being $ 0.86. Santander Consumer USA reported earnings per share of $ 1.58 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.9%. The company is expected to release its next earnings report on Wednesday, October 27.
On average, analysts predict that Santander Consumer USA will report annual earnings of $ 8.54 per share for the current year, with EPS estimates ranging from $ 6.02 to $ 10.92. For the next fiscal year, analysts predict the company will post earnings of $ 4.28 per share, with EPS estimates ranging from $ 3.19 to $ 6.46. Zacks’ BPA calculations are an average based on a survey of sales analysts who track Santander Consumer USA.
Santander Consumer USA (NYSE: SC) last released its quarterly results on Wednesday, July 28. The financial services provider reported earnings per share (EPS) of $ 3.45 for the quarter, beating analysts’ consensus estimates of $ 1.92 by $ 1.53. Santander Consumer USA had a net margin of 34.85% and a return on equity of 46.51%. The company posted revenue of $ 1.94 billion in the quarter, compared to analyst estimates of $ 1.99 billion.
Several research companies have recently weighed in on SC. Stephens raised its price target for Santander Consumer USA shares from $ 40.00 to $ 41.00 and gave the company an “equal weight” rating in a research note on Thursday, July 29. Barclays raised its price target for Santander Consumer USA shares from $ 32.00 to $ 39.00 and gave the company an “equal weight” rating in a research report published on Friday, July 9. Compass Point downgraded Santander Consumer USA shares from a “buy” to a “neutral” rating and raised its price target for the company from $ 35 to $ 39 in a research report on Friday, July 2 . Zacks Investment Research downgraded Santander Consumer USA stocks from a “buy” rating to a “keep” rating in a research report published on Wednesday, July 21. Finally, Jefferies Financial Group downgraded Santander Consumer USA’s stock rating from a “buy” rating to a “keep” rating and set a price target of $ 43.00 for the company. in a research report on Wednesday, July 7. One analyst assigned a sell rating to the stock, ten assigned a conservation rating, and two assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $ 37.42.
Large investors recently changed their holdings of stocks. Renaissance Technologies LLC increased its stake in Santander Consumer USA shares by 70.6% in the 1st quarter. Renaissance Technologies LLC now owns 597,400 shares of the financial services provider valued at $ 16,166,000 after purchasing an additional 247,200 shares during the last quarter. Full18 Capital LLC purchased a new stake in Santander Consumer USA in the second quarter for a value of approximately $ 917,000. Westpac Banking Corp bought a new stake in Santander Consumer USA in the 1st quarter for a value of approximately $ 1,256,000. Bank of Montreal Can increased its stake in Santander Consumer USA by 1,631.7% in the 1st quarter. Bank of Montreal Can now owns 329,300 shares of the financial services provider valued at $ 9,523,000 after acquiring an additional 310,284 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Santander Consumer USA in the 1st quarter for a value of approximately $ 558,000. 99.16% of the shares are currently held by institutional investors.
Santander Consumer USA stock opened at $ 41.40 on Friday. The company has a debt ratio of 5.28, a rapid ratio of 45.46 and a current ratio of 45.46. Santander Consumer USA has a 52-week low of $ 16.03 and a 52-week high of $ 42.39. The company has a 50-day moving average price of $ 41.15 and a two-hundred-day moving average price of $ 35.34. The company has a market cap of $ 12.67 billion, a price / earnings ratio of 4.52, a PEG ratio of 0.24, and a beta of 1.09.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 19. Investors of record on Monday, August 9, received a dividend of $ 0.22. This represents a dividend of $ 0.88 on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday August 6. Santander Consumer USA’s dividend payout ratio (DPR) is currently 30.66%.
About Santander Consumer USA
Santander Consumer USA Holdings, Inc provides consumer finance services. It offers retail 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.
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