Zacks: Analysts Expect Santander Consumer USA Holdings Inc. (NYSE: SC) to Post EPS of $ 1.55
Wall Street brokerages expect Santander Consumer USA Holdings Inc. (NYSE: SC) to post earnings of $ 1.55 per share for the current fiscal quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for Santander Consumer USA, with the highest EPS estimate of $ 2.36 and the lowest estimate of $ 0.68. Santander Consumer USA reported earnings of $ 1.70 per share in the same quarter last year, indicating a negative growth rate of 8.8% year-over-year. The company is expected to announce its next quarterly earnings report on Wednesday, February 2.
According to Zacks, analysts expect Santander Consumer USA to report annual earnings of $ 8.72 per share for the current fiscal year, with EPS estimates ranging from $ 6.02 to $ 10.74. For next year, analysts predict the company will report earnings of $ 4.38 per share, with EPS estimates ranging from $ 3.19 to $ 6.46. Zacks EPS averages are an average based on a survey of seller-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 earnings of $ 2.49 per share for the quarter, beating the consensus estimate of $ 1.92 by $ 0.57. The company posted revenue of $ 1.34 billion for the quarter, compared to analysts’ estimates of $ 1.40 billion. Santander Consumer USA reported a return on equity of 45.67% and a net margin of 38.91%. The company’s revenue increased 5.9% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $ 1.58.
SC has been the subject of several analyst reports. Barclays raised its price target for Santander Consumer USA from $ 39.00 to $ 41.00 and gave the company an âequal weightâ rating in a report released on Monday, October 11. BMO Capital Markets lowered its target price on Santander Consumer USA from $ 48.00 to $ 41.50 and established a âmarket performanceâ rating for the stock in a report released on Wednesday, August 25. Stephens raised its target price on Santander Consumer USA from $ 40.00 to $ 41.00 and gave the company an âequal weightâ rating in a report released Thursday, July 29. Credit Suisse Group downgraded Santander Consumer USA from an “outperforming” to a “neutral” rating and lowered its price target for the company from $ 42.00 to $ 41.50 in a report released on Tuesday, August 24. . Finally, Deutsche Bank Aktiengesellschaft downgraded Santander Consumer USA from a “buy” rating to a “keep” rating and raised its share price target from $ 39.00 to $ 41.00 in a report published Thursday, July 29. One investment analyst rated the stock with a sell rating, ten issued a conservation rating, and two assigned a buy rating to the stock. Based on MarketBeat data, the company currently has an average rating of âHoldâ and an average target price of $ 37.73.
Institutional investors and hedge funds have recently changed their holdings in the company. Nuveen Asset Management LLC strengthened its position in Santander Consumer USA by 29.8% in the 1st quarter. Nuveen Asset Management LLC now owns 342,672 shares of the financial services provider valued at $ 9,273,000 after purchasing an additional 78,597 shares during the period. Ameriprise Financial Inc. strengthened its position in Santander Consumer USA by 293.4% during the 1st quarter. Ameriprise Financial Inc. now owns 163,695 shares of the financial services provider valued at $ 4,429,000 after purchasing an additional 122,082 shares during the period. Captrust Financial Advisors acquired a new position in Santander Consumer USA during the 1st quarter for a value of approximately $ 90,000. Price T Rowe Associates Inc. MD strengthened its position in Santander Consumer USA by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,498 shares of the financial services provider valued at $ 1,177,000 after purchasing an additional 406 shares during the period. Finally, Royal Bank of Canada strengthened its position in Santander Consumer USA by 177,129.4% during the first quarter. Royal Bank of Canada now owns 30,129 shares of the financial services provider valued at $ 815,000 after purchasing an additional 30,112 shares during the period. Institutional investors hold 99.40% of the shares of the company.
NYSE SC shares traded down $ 0.40 during Friday’s midday session, reaching $ 41.97. The stock had a trade volume of 201,719 shares, compared to its average volume of 960,786. The company has a market cap of $ 12.85 billion, a price / earnings ratio of 4.17, a PEG ratio of 0.24 and a beta of 1.04. Santander Consumer USA has a one-year low at $ 20.36 and a one-year high at $ 42.55. The company has a rapid ratio of 58.64, a current ratio of 58.64, and a debt ratio of 4.84. The company has a fifty-day moving average price of $ 41.73 and a 200-day moving average price of $ 40.27.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 9. Shareholders of record on Monday, November 29 will receive a dividend of $ 0.22. The ex-dividend date is Friday, November 26. This represents an annualized dividend of $ 0.88 and a dividend yield of 2.10%. Santander Consumer USA’s distribution rate is 8.75%.
Santander Consumer USA Company Profile
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.
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