Santander Consumer USA Holdings Inc (NYSE:SC) – Investment analysts at Jefferies Group increased their Q3 2018 earnings per share (EPS) estimates for Santander Consumer USA in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will earn $0.65 per share for the quarter, up from their prior estimate of $0.57. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Santander Consumer USA’s Q4 2018 earnings at $0.58 EPS.
Santander Consumer USA (NYSE:SC) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year.
Several other equities analysts have also recently issued reports on SC. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, October 3rd. Sandler O’Neill restated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Santander Consumer USA in a research report on Wednesday, October 4th. Citigroup started coverage on Santander Consumer USA in a research report on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, JMP Securities boosted their price target on Santander Consumer USA from $16.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $17.87.
Shares of Santander Consumer USA (NYSE:SC) traded up $0.24 during mid-day trading on Thursday, reaching $18.79. The company had a trading volume of 2,307,220 shares, compared to its average volume of 1,549,563. The firm has a market cap of $6,677.01, a PE ratio of 10.10, a PEG ratio of 4.58 and a beta of 1.33. Santander Consumer USA has a 1 year low of $11.12 and a 1 year high of $19.02.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crow Point Partners LLC increased its position in Santander Consumer USA by 59.8% during the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 3,500 shares during the period. Sei Investments Co. boosted its stake in shares of Santander Consumer USA by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 717 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Santander Consumer USA by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 6,665 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Santander Consumer USA during the 3rd quarter worth approximately $190,000. Institutional investors own 91.44% of the company’s stock.
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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.
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