Santander Consumer USA Holdings Inc (NYSE:SC) Expected to Announce Earnings of $0.75 Per Share

Brokerages expect Santander Consumer USA Holdings Inc (NYSE:SC) to announce $0.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Santander Consumer USA’s earnings, with estimates ranging from $0.25 to $1.21. Santander Consumer USA reported earnings of $0.67 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The business is expected to report its next earnings report before the market opens on Wednesday, October 28th.

According to Zacks, analysts expect that Santander Consumer USA will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from ($0.13) to $1.20. For the next fiscal year, analysts forecast that the firm will post earnings of $1.69 per share, with EPS estimates ranging from $1.32 to $2.15. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.11). The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Santander Consumer USA had a net margin of 3.47% and a return on equity of 4.50%. During the same quarter in the prior year, the firm posted $1.05 EPS.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Santander Consumer USA from $14.50 to $20.00 in a report on Friday, October 9th. ValuEngine upgraded Santander Consumer USA from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Morgan Stanley upped their price target on Santander Consumer USA from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, October 5th. Piper Sandler cut their price target on Santander Consumer USA from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Investment Research downgraded Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Santander Consumer USA has an average rating of “Hold” and a consensus price target of $20.00.

SC stock opened at $21.39 on Monday. The company has a current ratio of 58.77, a quick ratio of 58.77 and a debt-to-equity ratio of 8.30. The company has a market capitalization of $6.75 billion, a PE ratio of 27.08 and a beta of 1.13. Santander Consumer USA has a 12-month low of $9.74 and a 12-month high of $27.20. The business’s fifty day moving average price is $18.61 and its 200 day moving average price is $17.44.

In other news, insider Joshua Baer sold 6,683 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $18.23, for a total transaction of $121,831.09. Following the completion of the transaction, the insider now directly owns 11,091 shares of the company’s stock, valued at approximately $202,188.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in SC. Windacre Partnership LLC boosted its position in shares of Santander Consumer USA by 23.6% during the 2nd quarter. Windacre Partnership LLC now owns 13,884,600 shares of the financial services provider’s stock worth $255,615,000 after acquiring an additional 2,654,524 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Santander Consumer USA by 493.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,063,466 shares of the financial services provider’s stock valued at $19,579,000 after purchasing an additional 884,179 shares during the period. WS Management Lllp acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at about $12,924,000. Bank of America Corp DE boosted its position in shares of Santander Consumer USA by 93.4% in the 2nd quarter. Bank of America Corp DE now owns 826,699 shares of the financial services provider’s stock valued at $15,219,000 after purchasing an additional 399,249 shares during the period. Finally, Gillson Capital LP acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at about $3,446,000.

About Santander Consumer USA

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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