$1.94 Billion in Sales Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Wall Street brokerages forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will announce sales of $1.94 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Santander Consumer USA’s earnings. The lowest sales estimate is $1.92 billion and the highest is $1.96 billion. Santander Consumer USA reported sales of $1.63 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Santander Consumer USA will report full year sales of $8.12 billion for the current financial year, with estimates ranging from $8.03 billion to $8.20 billion. For the next fiscal year, analysts anticipate that the company will report sales of $8.79 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.08). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Santander Consumer USA had a net margin of 13.00% and a return on equity of 13.10%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share.

A number of analysts have recently commented on SC shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $20.00 target price on shares of Santander Consumer USA in a report on Wednesday, January 16th. Oppenheimer restated a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, January 11th. Santander cut shares of Santander Consumer USA to an “underweight” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, TheStreet upgraded shares of Santander Consumer USA from a “c” rating to a “b-” rating in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.58.

Institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. boosted its stake in Santander Consumer USA by 105.6% in the 4th quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,510 shares in the last quarter. Quantamental Technologies LLC bought a new position in Santander Consumer USA in the 4th quarter worth about $84,000. Macquarie Group Ltd. bought a new position in Santander Consumer USA in the 2nd quarter worth about $118,000. Point72 Hong Kong Ltd purchased a new position in Santander Consumer USA in the 3rd quarter worth about $120,000. Finally, Trilogy Capital Inc. purchased a new position in Santander Consumer USA in the 3rd quarter worth about $206,000.

Santander Consumer USA stock traded up $0.04 during mid-day trading on Friday, reaching $19.10. 1,282,667 shares of the company traded hands, compared to its average volume of 1,548,705. The company has a market cap of $6.86 billion, a P/E ratio of 7.52, a PEG ratio of 0.38 and a beta of 1.08. Santander Consumer USA has a 52-week low of $15.55 and a 52-week high of $21.81.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Monday, February 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, February 8th. Santander Consumer USA’s payout ratio is 31.50%.

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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