Santander Consumer USA Holdings Inc. (SC) Expected to Post Q4 2017 Earnings of $0.38 Per Share

Santander Consumer USA Holdings Inc. (NYSE:SC) – Analysts at Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of Santander Consumer USA Holdings in a research report issued on Monday. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will earn $0.38 per share for the quarter, up from their prior estimate of $0.34. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Santander Consumer USA Holdings’ Q1 2018 earnings at $0.42 EPS.

A number of other equities research analysts have also commented on SC. JMP Securities raised their price objective on shares of Santander Consumer USA Holdings from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday. Barclays PLC raised their price objective on shares of Santander Consumer USA Holdings from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday. J P Morgan Chase & Co raised their price objective on shares of Santander Consumer USA Holdings from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. Citigroup Inc. raised their price objective on shares of Santander Consumer USA Holdings from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday. Finally, UBS AG raised their price objective on shares of Santander Consumer USA Holdings from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.86.

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Santander Consumer USA Holdings (SC) opened at 16.69 on Tuesday. Santander Consumer USA Holdings has a 12-month low of $10.76 and a 12-month high of $16.81. The stock has a market capitalization of $6.00 billion, a PE ratio of 8.83 and a beta of 1.29. The stock’s 50 day moving average is $15.10 and its 200 day moving average is $13.32.

Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.35 by $0.13. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.56%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.56 EPS. Santander Consumer USA Holdings’s revenue was down 4.9% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Monday, November 6th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Santander Consumer USA Holdings by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 555 shares during the period. TD Asset Management Inc. bought a new position in shares of Santander Consumer USA Holdings in the 2nd quarter valued at about $133,000. The Manufacturers Life Insurance Company grew its position in shares of Santander Consumer USA Holdings by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 717 shares during the period. Federated Investors Inc. PA grew its position in shares of Santander Consumer USA Holdings by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 6,665 shares during the period. Finally, Numeric Investors LLC bought a new position in shares of Santander Consumer USA Holdings in the 2nd quarter valued at about $189,000. 91.77% of the stock is owned by institutional investors.

About Santander Consumer USA Holdings

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 and Estimates for Santander Consumer USA Holdings (NYSE:SC)

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