Q2 2019 Earnings Estimate for Santander Consumer USA Holdings Inc (SC) Issued By Piper Jaffray Companies

Santander Consumer USA Holdings Inc (NYSE:SC) – Stock analysts at Piper Jaffray Companies upped their Q2 2019 EPS estimates for Santander Consumer USA in a report released on Tuesday, April 30th. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will earn $0.88 per share for the quarter, up from their previous estimate of $0.79. Piper Jaffray Companies currently has a “Neutral” rating and a $24.00 target price on the stock. Piper Jaffray Companies also issued estimates for Santander Consumer USA’s Q4 2019 earnings at $0.41 EPS, Q1 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.41 EPS and FY2020 earnings at $2.44 EPS.

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 Zacks’ consensus estimate of $0.66 by $0.04. Santander Consumer USA had a return on equity of 12.99% and a net margin of 12.56%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Santander Consumer USA from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, January 11th. Finally, Santander lowered Santander Consumer USA to an “underweight” rating in a research report on Wednesday, January 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.45.

NYSE:SC opened at $21.65 on Thursday. Santander Consumer USA has a 12-month low of $16.10 and a 12-month high of $22.91. The company has a market cap of $7.52 billion, a P/E ratio of 8.52 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.70%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 31.50%.

In other Santander Consumer USA news, insider Sunil Sajnani sold 1,604 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 26,231 shares in the company, valued at approximately $533,013.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Morrin sold 17,546 shares of the business’s stock in a transaction 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 25,631 shares of company stock valued at $530,559 in the last quarter. 0.09% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in SC. FMR LLC raised its stake in shares of Santander Consumer USA by 5.0% in the 4th quarter. FMR LLC now owns 13,471,613 shares of the financial services provider’s stock worth $236,966,000 after buying an additional 645,255 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Santander Consumer USA by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 11,282,953 shares of the financial services provider’s stock worth $226,110,000 after buying an additional 362,030 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Santander Consumer USA by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,282,953 shares of the financial services provider’s stock worth $226,110,000 after buying an additional 362,030 shares in the last quarter. Windacre Partnership LLC raised its stake in shares of Santander Consumer USA by 107.8% in the 4th quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock worth $179,666,000 after buying an additional 5,299,400 shares in the last quarter. Finally, Canyon Capital Advisors LLC raised its stake in shares of Santander Consumer USA by 23.5% in the 4th quarter. Canyon Capital Advisors LLC now owns 6,778,026 shares of the financial services provider’s stock worth $119,225,000 after buying an additional 1,291,279 shares in 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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Earnings History and Estimates for Santander Consumer USA (NYSE:SC)

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