Santander Consumer USA (SC) to Release Quarterly Earnings on Tuesday

Santander Consumer USA (NYSE:SC) is set to announce its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.37%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, analysts expect Santander Consumer USA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Santander Consumer USA stock opened at $15.60 on Tuesday. Santander Consumer USA has a 12-month low of $11.12 and a 12-month high of $19.02. The firm has a market cap of $5,694.00, a P/E ratio of 8.97, a P/E/G ratio of 4.00 and a beta of 1.10.

A hedge fund recently raised its stake in Santander Consumer USA stock. The Manufacturers Life Insurance Company lifted its position in Santander Consumer USA (NYSE:SC) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,577 shares of the financial services provider’s stock after acquiring an additional 717 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Santander Consumer USA were worth $135,000 at the end of the most recent reporting period.

Several research analysts have weighed in on SC shares. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Oppenheimer started coverage on shares of Santander Consumer USA in a report on Monday, January 8th. They set a “hold” rating on the stock. JPMorgan Chase upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $20.50 to $16.00 in a report on Friday, January 12th. Morgan Stanley upped their price objective on shares of Santander Consumer USA from $18.00 to $19.50 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Piper Jaffray restated a “buy” rating and set a $25.00 price objective on shares of Santander Consumer USA in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.70.

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About Santander Consumer USA

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

Earnings History for Santander Consumer USA (NYSE:SC)

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