Zacks: Analysts Expect Santander Consumer USA Holdings Inc (NYSE:SC) to Post $0.67 Earnings Per Share

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Analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to report earnings of $0.67 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Santander Consumer USA’s earnings, with estimates ranging from $0.63 to $0.70. Santander Consumer USA reported earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The firm is scheduled to report its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Santander Consumer USA will report full year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.75 to $2.90. For the next financial year, analysts anticipate that the company will post earnings of $3.08 per share, with EPS estimates ranging from $2.79 to $3.30. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.15. Santander Consumer USA had a net margin of 12.60% and a return on equity of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Janney Montgomery Scott restated a “neutral” rating on shares of Santander Consumer USA in a report on Wednesday, July 17th. Buckingham Research set a $25.00 target price on shares of Santander Consumer USA and gave the company a “hold” rating in a research report on Monday, July 1st. ValuEngine downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Susquehanna Bancshares reiterated a “neutral” rating on shares of Santander Consumer USA in a research note on Thursday, June 20th. Finally, Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.43.

Shares of NYSE:SC opened at $25.49 on Friday. Santander Consumer USA has a 12 month low of $16.10 and a 12 month high of $27.75. The company’s fifty day simple moving average is $26.18 and its 200 day simple moving average is $22.85. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.77 and a beta of 1.02.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were paid a $0.22 dividend. This is a boost from Santander Consumer USA’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.88 annualized dividend and a yield of 3.45%. Santander Consumer USA’s payout ratio is 34.65%.

In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 30,000 shares of Santander Consumer USA stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $27.41, for a total value of $822,300.00. Following the completion of the sale, the insider now owns 46,361 shares in the company, valued at approximately $1,270,755.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. NewSquare Capital LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at approximately $43,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at approximately $53,000. Royal Bank of Canada grew its holdings in shares of Santander Consumer USA by 53.3% during the 2nd quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,287 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Santander Consumer USA by 1,067.3% during the 2nd quarter. Advisor Group Inc. now owns 3,887 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at approximately $126,000.

Santander Consumer USA Company Profile

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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