$1.76 Billion in Sales Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Wall Street analysts expect that Santander Consumer USA Holdings Inc (NYSE:SC) will report sales of $1.76 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Santander Consumer USA’s earnings, with estimates ranging from $1.75 billion to $1.76 billion. Santander Consumer USA posted sales of $1.65 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results on Friday, October 26th.

According to Zacks, analysts expect that Santander Consumer USA will report full-year sales of $6.88 billion for the current fiscal year, with estimates ranging from $6.85 billion to $6.90 billion. For the next fiscal year, analysts expect that the company will report sales of $7.48 billion, with estimates ranging from $7.47 billion to $7.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Santander Consumer USA had a net margin of 20.57% and a return on equity of 13.00%. During the same period in the prior year, the company posted $0.74 earnings per share.

A number of research analysts have recently commented on SC shares. UBS Group increased their target price on shares of Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, July 25th. Susquehanna Bancshares set a $26.00 target price on shares of Santander Consumer USA and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Tuesday, July 31st. Finally, Barclays increased their target price on shares of Santander Consumer USA from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.25.

In related news, insider Lisa Vanroekel sold 8,819 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $19.61, for a total value of $172,940.59. Following the completion of the transaction, the insider now owns 25,640 shares in the company, valued at approximately $502,800.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SC. Victory Capital Management Inc. raised its holdings in Santander Consumer USA by 53.2% in the 1st quarter. Victory Capital Management Inc. now owns 147,371 shares of the financial services provider’s stock valued at $2,402,000 after buying an additional 51,197 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Santander Consumer USA by 79.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,891,024 shares of the financial services provider’s stock worth $30,824,000 after purchasing an additional 839,787 shares during the last quarter. Aperio Group LLC raised its holdings in Santander Consumer USA by 51.2% during the 1st quarter. Aperio Group LLC now owns 237,366 shares of the financial services provider’s stock worth $3,869,000 after purchasing an additional 80,428 shares during the last quarter. Glen Harbor Capital Management LLC raised its holdings in Santander Consumer USA by 57.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 392,836 shares of the financial services provider’s stock worth $6,403,000 after purchasing an additional 143,242 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Santander Consumer USA by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,564,137 shares of the financial services provider’s stock worth $90,696,000 after purchasing an additional 28,159 shares during the last quarter.

Shares of SC stock traded down $0.04 on Thursday, reaching $21.27. The company had a trading volume of 1,541,500 shares, compared to its average volume of 2,052,904. The stock has a market capitalization of $7.83 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.10. Santander Consumer USA has a one year low of $14.60 and a one year high of $21.81.

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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