Santander Consumer USA Holdings Inc. (NYSE:SC) Expected to Announce Quarterly Sales of $1.99 Billion

Analysts forecast that Santander Consumer USA Holdings Inc. (NYSE:SC) will announce $1.99 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Santander Consumer USA’s earnings, with estimates ranging from $1.96 billion to $2.06 billion. Santander Consumer USA posted sales of $1.98 billion in the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The business is expected to announce its next earnings report on Wednesday, August 4th.

On average, analysts expect that Santander Consumer USA will report full year sales of $8.06 billion for the current financial year, with estimates ranging from $7.91 billion to $8.30 billion. For the next year, analysts forecast that the firm will report sales of $8.41 billion, with estimates ranging from $8.01 billion to $9.16 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, April 28th. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.97. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Santander Consumer USA had a return on equity of 30.33% and a net margin of 20.43%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS.

Several analysts have recently weighed in on the company. Morgan Stanley lifted their target price on Santander Consumer USA from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 29th. Bank of America began coverage on Santander Consumer USA in a research report on Monday, April 12th. They set a “buy” rating and a $36.00 target price for the company. BMO Capital Markets lowered Santander Consumer USA from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Tuesday, July 6th. Compass Point lowered Santander Consumer USA from a “buy” rating to a “neutral” rating and raised their price target for the company from $35.00 to $39.00 in a research note on Friday, July 2nd. Finally, Barclays raised their price target on Santander Consumer USA from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, July 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Santander Consumer USA presently has an average rating of “Hold” and an average price target of $36.67.

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of Santander Consumer USA during the first quarter worth about $26,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Santander Consumer USA during the first quarter worth about $68,000. Captrust Financial Advisors acquired a new stake in shares of Santander Consumer USA during the first quarter worth about $90,000. Koshinski Asset Management Inc. acquired a new stake in shares of Santander Consumer USA during the fourth quarter worth about $157,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Santander Consumer USA by 144.8% during the first quarter. Panagora Asset Management Inc. now owns 7,466 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 4,416 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SC traded up $0.13 on Friday, hitting $40.90. 16,205 shares of the company’s stock were exchanged, compared to its average volume of 1,439,786. Santander Consumer USA has a 12 month low of $16.03 and a 12 month high of $41.57. The company has a market capitalization of $12.52 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. The stock’s 50 day simple moving average is $38.20. The company has a debt-to-equity ratio of 6.18, a current ratio of 51.93 and a quick ratio of 51.93.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Monday, May 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, May 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. Santander Consumer USA’s payout ratio is 30.66%.

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. It offers vehicle financial products and services, including 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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