Brokerages Expect Santander Consumer USA Holdings Inc (SC) Will Announce Earnings of $0.74 Per Share

Equities analysts expect Santander Consumer USA Holdings Inc (NYSE:SC) to post $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Santander Consumer USA’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.82. Santander Consumer USA reported earnings per share of $0.70 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, July 25th.

According to Zacks, analysts expect that Santander Consumer USA will report full year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.10 to $2.41. For the next year, analysts anticipate that the company will post earnings of $2.44 per share, with EPS estimates ranging from $2.11 to $2.60. Zacks’ EPS calculations are an average based on a survey of research firms that cover Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.27. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Santander Consumer USA had a return on equity of 12.36% and a net margin of 19.62%. During the same quarter last year, the firm earned $0.40 EPS.

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $9.00 price objective on shares of Santander Consumer USA in a research report on Monday. Janney Montgomery Scott raised Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, June 29th. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 4th. Citigroup lifted their price target on Santander Consumer USA from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. Finally, UBS Group raised Santander Consumer USA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $21.00 in a research report on Monday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Santander Consumer USA currently has a consensus rating of “Hold” and a consensus target price of $21.53.

Several hedge funds have recently modified their holdings of the company. KAMES CAPITAL plc lifted its holdings in shares of Santander Consumer USA by 28.9% in the 2nd quarter. KAMES CAPITAL plc now owns 74,687 shares of the financial services provider’s stock valued at $1,426,000 after buying an additional 16,762 shares during the period. Cerebellum GP LLC purchased a new position in shares of Santander Consumer USA in the 2nd quarter valued at about $186,000. Canyon Capital Advisors LLC increased its stake in shares of Santander Consumer USA by 69.6% in the 1st quarter. Canyon Capital Advisors LLC now owns 3,223,319 shares of the financial services provider’s stock valued at $52,540,000 after purchasing an additional 1,323,253 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Santander Consumer USA in the 1st quarter valued at about $309,000. Finally, Verition Fund Management LLC increased its stake in shares of Santander Consumer USA by 159.4% in the 1st quarter. Verition Fund Management LLC now owns 157,819 shares of the financial services provider’s stock valued at $2,572,000 after purchasing an additional 96,978 shares in the last quarter.

Shares of Santander Consumer USA traded up $0.12, reaching $19.68, during trading on Wednesday, Marketbeat Ratings reports. The company’s stock had a trading volume of 839,652 shares, compared to its average volume of 2,312,927. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 2.03 and a beta of 1.06. Santander Consumer USA has a 1-year low of $12.65 and a 1-year high of $20.46.

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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Earnings History and Estimates for Santander Consumer USA (NYSE:SC)

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