$1.90 Billion in Sales Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to report sales of $1.90 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Santander Consumer USA’s earnings, with the highest sales estimate coming in at $1.91 billion and the lowest estimate coming in at $1.88 billion. Santander Consumer USA reported sales of $1.62 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.3%. The firm is expected to report its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, 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 financial year, analysts expect that the company will post sales of $8.12 billion, with estimates ranging from $8.03 billion to $8.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.55 earnings per share.

A number of equities research analysts recently commented on SC shares. ValuEngine lowered Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Oppenheimer reiterated a “hold” rating on shares of Santander Consumer USA in a research report on Wednesday, October 31st. Zacks Investment Research lowered Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BMO Capital Markets upped their target price on Santander Consumer USA from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Finally, TheStreet upgraded Santander Consumer USA from a “c” rating to a “b-” rating in a research report on Wednesday, November 14th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.92.

NYSE SC traded down $0.07 during trading hours on Tuesday, reaching $17.99. The stock had a trading volume of 1,794,171 shares, compared to its average volume of 1,396,048. The firm has a market cap of $6.46 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.36 and a beta of 1.09. Santander Consumer USA has a 52-week low of $15.55 and a 52-week high of $21.81.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Santander Consumer USA by 15.5% in the 3rd quarter. FMR LLC now owns 12,826,358 shares of the financial services provider’s stock worth $257,040,000 after purchasing an additional 1,720,255 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 purchasing an additional 362,030 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Santander Consumer USA by 3.3% during 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of Santander Consumer USA by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,318,462 shares of the financial services provider’s stock worth $126,629,000 after buying an additional 227,541 shares during the period. Finally, Canyon Capital Advisors LLC raised its stake in shares of Santander Consumer USA by 92.0% during the 2nd quarter. Canyon Capital Advisors LLC now owns 6,190,000 shares of the financial services provider’s stock worth $118,167,000 after buying an additional 2,966,681 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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