Analysts forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will announce $1.61 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Santander Consumer USA’s earnings, with the lowest sales estimate coming in at $1.58 billion and the highest estimate coming in at $1.64 billion. Santander Consumer USA posted sales of $1.63 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Santander Consumer USA will report full year sales of $1.61 billion for the current fiscal year, with estimates ranging from $6.59 billion to $6.64 billion. For the next year, analysts forecast that the company will post sales of $7.12 billion per share, with estimates ranging from $7.03 billion to $7.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Santander Consumer USA.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned $0.17 EPS.
Shares of Santander Consumer USA (NYSE SC) traded down $0.23 during midday trading on Monday, reaching $16.12. The company’s stock had a trading volume of 1,572,488 shares, compared to its average volume of 2,399,397. The firm has a market capitalization of $5,931.92, a P/E ratio of 5.00, a PEG ratio of 3.98 and a beta of 1.16. Santander Consumer USA has a 1 year low of $11.12 and a 1 year high of $19.02.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th were given a $0.05 dividend. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Santander Consumer USA’s dividend payout ratio is presently 6.06%.
Several institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Santander Consumer USA by 19.4% during the second quarter. Alliancebernstein L.P. now owns 65,280 shares of the financial services provider’s stock worth $833,000 after buying an additional 10,600 shares in the last quarter. Nationwide Fund Advisors grew its position in Santander Consumer USA by 34.4% during the second quarter. Nationwide Fund Advisors now owns 32,042 shares of the financial services provider’s stock worth $409,000 after buying an additional 8,210 shares in the last quarter. Northern Trust Corp grew its position in Santander Consumer USA by 11.3% during the second quarter. Northern Trust Corp now owns 902,749 shares of the financial services provider’s stock worth $11,518,000 after buying an additional 91,747 shares in the last quarter. Voya Investment Management LLC grew its position in Santander Consumer USA by 27.1% during the second quarter. Voya Investment Management LLC now owns 41,351 shares of the financial services provider’s stock worth $528,000 after buying an additional 8,804 shares in the last quarter. Finally, State Street Corp grew its position in Santander Consumer USA by 16.4% during the second quarter. State Street Corp now owns 1,563,544 shares of the financial services provider’s stock worth $19,951,000 after buying an additional 220,319 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.
About Santander Consumer USA
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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