Santander Consumer USA (NYSE:SC) is set to announce its earnings results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The business had revenue of $1.98 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $1.05 earnings per share. On average, analysts expect Santander Consumer USA to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of SC stock opened at $20.81 on Tuesday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 26.34 and a beta of 1.13. The company has a quick ratio of 58.77, a current ratio of 58.77 and a debt-to-equity ratio of 8.30. Santander Consumer USA has a fifty-two week low of $9.74 and a fifty-two week high of $27.20. The firm’s 50 day moving average price is $18.82 and its two-hundred day moving average price is $17.57.
In other Santander Consumer USA news, insider Joshua Baer sold 6,683 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $18.23, for a total transaction of $121,831.09. Following the completion of the sale, the insider now owns 11,091 shares in the company, valued at $202,188.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.
SC has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of Santander Consumer USA from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Morgan Stanley lifted their price target on shares of Santander Consumer USA from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. ValuEngine raised shares of Santander Consumer USA from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Santander Consumer USA from $14.50 to $20.00 in a research report on Friday, October 9th. Finally, Zacks Investment Research cut shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.00.
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.
Recommended Story: What are trading strategies for the 52-week high/low?
Receive News & Ratings for Santander Consumer USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA and related companies with MarketBeat.com's FREE daily email newsletter.