Analysts Expect Santander Consumer USA Holdings Inc (NYSE:SC) Will Post Earnings of $0.91 Per Share

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Equities analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to report earnings per share of $0.91 for the current quarter, Zacks reports. Three analysts have provided estimates for Santander Consumer USA’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.88. Santander Consumer USA posted earnings per share of $0.92 during the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Santander Consumer USA will report full-year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.86. For the next year, analysts forecast that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.44 to $3.37. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. Santander Consumer USA had a return on equity of 12.95% and a net margin of 12.56%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share.

Several research firms have recently commented on SC. Buckingham Research began coverage on Santander Consumer USA in a research report on Monday, June 10th. They issued a “neutral” rating and a $24.00 target price on the stock. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Santander Consumer USA in a research report on Monday, April 22nd. JPMorgan Chase & Co. raised Santander Consumer USA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $23.00 in a research report on Tuesday, April 16th. Finally, Compass Point downgraded Santander Consumer USA from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Santander Consumer USA currently has an average rating of “Hold” and an average price target of $24.42.

NYSE:SC traded up $0.31 on Tuesday, hitting $23.39. The company’s stock had a trading volume of 5,568 shares, compared to its average volume of 1,084,456. The firm has a fifty day moving average of $22.09. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.25 and a beta of 1.00. Santander Consumer USA has a one year low of $16.10 and a one year high of $23.58.

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, May 9th. Santander Consumer USA’s dividend payout ratio is currently 31.50%.

In related news, insider Sunil Sajnani sold 1,604 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $20.32, for a total transaction of $32,593.28. Following the sale, the insider now owns 26,231 shares of the company’s stock, valued at $533,013.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Morrin sold 17,422 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.22, for a total value of $369,694.84. Following the sale, the insider now directly owns 59,203 shares in the company, valued at approximately $1,256,287.66. The disclosure for this sale can be found here. Insiders have sold 19,561 shares of company stock worth $414,074 in the last three months. 0.09% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of SC. First Mercantile Trust Co. boosted its holdings in shares of Santander Consumer USA by 105.6% in the 4th quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,510 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Santander Consumer USA in the 4th quarter valued at $56,000. Nisa Investment Advisors LLC acquired a new stake in shares of Santander Consumer USA in the 1st quarter valued at $169,000. HRT Financial LLC acquired a new stake in shares of Santander Consumer USA in the 4th quarter valued at $182,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Santander Consumer USA in the 4th quarter valued at $208,000.

About Santander Consumer USA

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

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