Santander Consumer USA (NYSE:SC) announced its quarterly earnings results on Wednesday. The financial services provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11), MarketWatch Earnings reports. Santander Consumer USA had a return on equity of 4.21% and a net margin of 3.47%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company posted $1.05 earnings per share.
Shares of SC stock traded up $1.31 during trading on Friday, hitting $18.36. The company’s stock had a trading volume of 2,245,010 shares, compared to its average volume of 768,363. The company has a market cap of $5.90 billion, a PE ratio of 21.58 and a beta of 1.28. The company has a current ratio of 63.41, a quick ratio of 63.41 and a debt-to-equity ratio of 7.82. The business has a fifty day moving average of $18.31 and a 200-day moving average of $18.95. Santander Consumer USA has a 52 week low of $9.74 and a 52 week high of $27.56.
SC has been the subject of a number of recent analyst reports. Piper Sandler decreased their price objective on Santander Consumer USA from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Investment Research downgraded Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 21st. JMP Securities increased their target price on Santander Consumer USA from $19.00 to $22.00 and gave the company a “market outperform” rating in a research note on Thursday, April 30th. UBS Group upped their target price on Santander Consumer USA from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Finally, ValuEngine upgraded shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.08.
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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