Equities analysts forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will report sales of $2.01 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Santander Consumer USA’s earnings, with the lowest sales estimate coming in at $1.99 billion and the highest estimate coming in at $2.02 billion. Santander Consumer USA posted sales of $1.82 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The firm is expected to issue its next earnings results before the market opens on Wednesday, October 30th.
On average, analysts expect that Santander Consumer USA will report full year sales of $7.92 billion for the current year, with estimates ranging from $7.88 billion to $7.95 billion. For the next fiscal year, analysts anticipate that the business will report sales of $8.46 billion, with estimates ranging from $8.27 billion to $8.61 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Santander Consumer USA.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.15. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.92 earnings per share. Santander Consumer USA’s revenue was up 4.5% compared to the same quarter last year.
A number of equities analysts have recently commented on SC shares. Zacks Investment Research lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Morgan Stanley raised their price target on Santander Consumer USA from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Santander lowered Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a report on Monday, September 9th. Buckingham Research set a $25.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a report on Monday, July 1st. Finally, Compass Point set a $25.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.13.
NYSE SC traded up $0.23 on Friday, hitting $25.11. 990,212 shares of the stock traded hands, compared to its average volume of 902,322. The business’s fifty day moving average is $25.80 and its two-hundred day moving average is $24.12. Santander Consumer USA has a 12 month low of $16.10 and a 12 month high of $27.75. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.73 and a beta of 1.03.
In other news, insider Christopher Keith Pfirrman sold 30,000 shares of Santander Consumer USA stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $27.41, for a total value of $822,300.00. Following the transaction, the insider now owns 46,361 shares in the company, valued at $1,270,755.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP grew its stake in shares of Santander Consumer USA by 4.8% in the third quarter. Artemis Investment Management LLP now owns 409,320 shares of the financial services provider’s stock worth $10,176,000 after purchasing an additional 18,658 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Santander Consumer USA in the second quarter worth about $313,000. NewSquare Capital LLC bought a new stake in shares of Santander Consumer USA in the second quarter worth about $43,000. Maltese Capital Management LLC bought a new stake in shares of Santander Consumer USA in the second quarter worth about $3,273,000. Finally, Royal Bank of Canada grew its stake in shares of Santander Consumer USA by 53.3% in the second quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,287 shares during 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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