Santander Consumer USA Holdings Inc (NYSE:SC) – Jefferies Group lowered their Q1 2018 earnings estimates for Santander Consumer USA in a report issued on Thursday. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.48. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Santander Consumer USA’s Q3 2018 earnings at $0.60 EPS.
Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.78%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.17 EPS.
A number of other brokerages have also issued reports on SC. Citigroup increased their target price on Santander Consumer USA from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, January 23rd. Oppenheimer assumed coverage on Santander Consumer USA in a report on Monday, January 8th. They issued a “hold” rating on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price objective on shares of Santander Consumer USA in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upgraded Santander Consumer USA from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $20.50 to $16.00 in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA has a consensus rating of “Buy” and a consensus target price of $18.90.
Santander Consumer USA (SC) opened at $16.52 on Monday. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $19.02. The stock has a market capitalization of $5,950.00, a P/E ratio of 5.01, a PEG ratio of 4.17 and a beta of 1.15.
Several large investors have recently modified their holdings of the stock. Clarus Wealth Advisors acquired a new stake in shares of Santander Consumer USA during the 4th quarter worth about $417,000. Aperio Group LLC increased its position in shares of Santander Consumer USA by 22.3% during the 4th quarter. Aperio Group LLC now owns 156,938 shares of the financial services provider’s stock worth $2,922,000 after purchasing an additional 28,602 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Santander Consumer USA during the 4th quarter worth about $19,629,000. Victory Capital Management Inc. grew its position in Santander Consumer USA by 12.6% in the 4th quarter. Victory Capital Management Inc. now owns 96,174 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 10,788 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in Santander Consumer USA in the 4th quarter valued at about $261,000. 91.87% of the stock is owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. The ex-dividend date is Friday, February 9th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 3.64%.
Santander Consumer USA Company Profile
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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