Analysts predict that Santander Consumer USA Holdings Inc (NYSE:SC) will post sales of $1.90 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Santander Consumer USA’s earnings. The highest sales estimate is $1.91 billion and the lowest is $1.88 billion. Santander Consumer USA posted sales of $1.62 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 17.3%. The firm is expected to report its next earnings report before the market opens on Wednesday, January 30th.
On average, analysts expect that Santander Consumer USA will report full-year sales of $7.10 billion for the current fiscal year, with estimates ranging from $7.03 billion to $7.17 billion. For the next year, analysts anticipate that the company will post sales of $8.12 billion, with estimates ranging from $8.03 billion to $8.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Santander Consumer USA.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. During the same period last year, the business posted $0.55 earnings per share.
A number of brokerages have recently commented on SC. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday. TheStreet raised Santander Consumer USA from a “c” rating to a “b-” rating in a research note on Wednesday, November 14th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a research note on Wednesday, October 31st. BMO Capital Markets raised their price objective on Santander Consumer USA from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Finally, ValuEngine downgraded Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.85.
Shares of SC traded up $0.13 during trading hours on Friday, reaching $19.29. 886,500 shares of the company’s stock traded hands, compared to its average volume of 1,392,175. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.37 and a beta of 1.07. Santander Consumer USA has a twelve month low of $15.55 and a twelve month high of $21.81.
Several institutional investors and hedge funds have recently modified their holdings of SC. Canyon Capital Advisors LLC lifted its stake in shares of Santander Consumer USA by 92.0% during the second quarter. Canyon Capital Advisors LLC now owns 6,190,000 shares of the financial services provider’s stock valued at $118,167,000 after acquiring an additional 2,966,681 shares during the period. FMR LLC lifted its stake in shares of Santander Consumer USA by 15.5% during the third quarter. FMR LLC now owns 12,826,358 shares of the financial services provider’s stock valued at $257,040,000 after acquiring an additional 1,720,255 shares during the period. WBI Investments Inc. lifted its stake in shares of Santander Consumer USA by 4,253.3% during the third quarter. WBI Investments Inc. now owns 965,120 shares of the financial services provider’s stock valued at $19,341,000 after acquiring an additional 942,950 shares during the period. LSV Asset Management increased its holdings in Santander Consumer USA by 2,506.0% in the third quarter. LSV Asset Management now owns 906,900 shares of the financial services provider’s stock valued at $18,174,000 after purchasing an additional 872,100 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Santander Consumer USA by 24,726.7% in the third quarter. Panagora Asset Management Inc. now owns 757,213 shares of the financial services provider’s stock valued at $15,175,000 after purchasing an additional 754,163 shares during the last quarter.
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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