$0.58 EPS Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Brokerages forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will report earnings of $0.58 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Santander Consumer USA’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.48. Santander Consumer USA posted earnings per share of $0.48 in the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The business is expected to announce its next earnings results on Friday, October 26th.

According to Zacks, analysts expect that Santander Consumer USA will report full year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.73. For the next year, analysts anticipate that the firm will post earnings of $2.64 per share, with EPS estimates ranging from $2.48 to $2.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.18. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Santander Consumer USA had a return on equity of 13.00% and a net margin of 20.57%. During the same period in the previous year, the company earned $0.74 earnings per share.

Several analysts recently weighed in on the company. ValuEngine lowered Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. UBS Group boosted their price objective on Santander Consumer USA from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Morgan Stanley boosted their price objective on Santander Consumer USA from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Santander Consumer USA has a consensus rating of “Buy” and a consensus target price of $22.25.

Shares of Santander Consumer USA stock opened at $19.61 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 11.27, a PEG ratio of 0.97 and a beta of 1.12. Santander Consumer USA has a fifty-two week low of $14.75 and a fifty-two week high of $21.81.

In other Santander Consumer USA news, insider Lisa Vanroekel sold 8,819 shares of Santander Consumer USA stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $19.61, for a total value of $172,940.59. Following the completion of the transaction, the insider now directly owns 25,640 shares in the company, valued at $502,800.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SC. Macquarie Group Ltd. acquired a new position in shares of Santander Consumer USA during the second quarter worth approximately $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Santander Consumer USA during the second quarter worth approximately $124,000. Rehmann Capital Advisory Group boosted its position in shares of Santander Consumer USA by 366.0% during the second quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock worth $158,000 after buying an additional 6,500 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Santander Consumer USA by 253.8% during the second quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after buying an additional 6,419 shares during the period. Finally, Advisors Preferred LLC boosted its position in shares of Santander Consumer USA by 466.5% during the second quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after buying an additional 7,716 shares during the period.

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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