$0.67 Earnings Per Share Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Equities analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to post earnings of $0.67 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Santander Consumer USA’s earnings, with estimates ranging from $0.57 to $0.77. Santander Consumer USA also posted earnings of $0.67 per share in the same quarter last year. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that Santander Consumer USA will report full-year earnings of $2.61 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.76. For the next year, analysts anticipate that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.63 to $3.11. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Santander Consumer USA had a net margin of 13.00% and a return on equity of 13.08%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Friday, January 18th. Santander downgraded Santander Consumer USA to an “underweight” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $20.00 target price on shares of Santander Consumer USA in a report on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.00.

In other news, insider Sunil Sajnani sold 5,946 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $20.83, for a total value of $123,855.18. Following the sale, the insider now directly owns 20,802 shares of the company’s stock, valued at approximately $433,305.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard Morrin sold 17,546 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.65, for a total value of $362,324.90. The disclosure for this sale can be found here. Insiders have sold a total of 25,096 shares of company stock worth $518,773 in the last quarter. Company insiders own 0.09% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Windacre Partnership LLC boosted its position in shares of Santander Consumer USA by 107.8% in the fourth quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock valued at $179,666,000 after acquiring an additional 5,299,400 shares during the period. Norges Bank acquired a new stake in shares of Santander Consumer USA in the fourth quarter valued at $31,136,000. Canyon Capital Advisors LLC increased its stake in shares of Santander Consumer USA by 23.5% in the fourth quarter. Canyon Capital Advisors LLC now owns 6,778,026 shares of the financial services provider’s stock valued at $119,225,000 after buying an additional 1,291,279 shares in the last quarter. FMR LLC increased its stake in shares of Santander Consumer USA by 5.0% in the fourth quarter. FMR LLC now owns 13,471,613 shares of the financial services provider’s stock valued at $236,966,000 after buying an additional 645,255 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Santander Consumer USA by 60.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,358,095 shares of the financial services provider’s stock valued at $23,888,000 after buying an additional 509,508 shares in the last quarter.

Shares of NYSE:SC opened at $22.11 on Thursday. Santander Consumer USA has a 1 year low of $15.55 and a 1 year high of $22.24. The stock has a market cap of $7.75 billion, a P/E ratio of 8.70 and a beta of 1.13.

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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Earnings History and Estimates for Santander Consumer USA (NYSE:SC)

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