Brokerages Anticipate Santander Consumer USA Holdings Inc (NYSE:SC) Will Post Quarterly Sales of $2.01 Billion

Equities research analysts forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will announce sales of $2.01 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Santander Consumer USA’s earnings, with the highest sales estimate coming in at $2.02 billion and the lowest estimate coming in at $1.99 billion. Santander Consumer USA reported sales of $1.82 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Santander Consumer USA will report full-year sales of $7.92 billion for the current fiscal year, with estimates ranging from $7.88 billion to $7.95 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.46 billion, with estimates ranging from $8.27 billion to $8.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.15. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Santander Consumer USA had a net margin of 12.60% and a return on equity of 13.40%. Santander Consumer USA’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS.

SC has been the topic of a number of research reports. Buckingham Research set a $25.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a research note on Monday, July 1st. Janney Montgomery Scott reissued a “neutral” rating on shares of Santander Consumer USA in a research note on Wednesday, July 17th. Piper Jaffray Companies reissued a “neutral” rating and issued a $24.00 target price on shares of Santander Consumer USA in a research note on Monday, April 22nd. BTIG Research lowered shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $23.00 in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.43.

Santander Consumer USA stock traded down $0.18 during midday trading on Monday, reaching $26.13. The company had a trading volume of 1,074,304 shares, compared to its average volume of 1,336,726. The company has a market capitalization of $9.47 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.79 and a beta of 1.01. Santander Consumer USA has a 12-month low of $16.10 and a 12-month high of $27.75. The business has a fifty day moving average of $25.14.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, August 2nd. Santander Consumer USA’s dividend payout ratio (DPR) is 31.50%.

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

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Santander Consumer USA by 5.0% during the 4th quarter. Amalgamated Bank now owns 22,041 shares of the financial services provider’s stock valued at $388,000 after buying an additional 1,044 shares during the period. SG Americas Securities LLC raised its position in shares of Santander Consumer USA by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 14,928 shares of the financial services provider’s stock valued at $358,000 after buying an additional 2,061 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Santander Consumer USA during the 2nd quarter valued at approximately $53,000. Great West Life Assurance Co. Can raised its position in shares of Santander Consumer USA by 8.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 29,573 shares of the financial services provider’s stock valued at $500,000 after buying an additional 2,208 shares during the period. Finally, AGF Investments LLC raised its position in shares of Santander Consumer USA by 2.1% during the 2nd quarter. AGF Investments LLC now owns 122,380 shares of the financial services provider’s stock valued at $2,932,000 after buying an additional 2,463 shares during the period.

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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