Equity research analysts predict that Santander Consumer USA Holdings Inc. (NYSE: SC) will post sales of $ 1.99 billion for the current fiscal quarter, Zacks investment research reports. Three analysts have released earnings estimates for Santander Consumer USA. The lowest sales estimate is $ 1.95 billion and the highest is $ 2.06 billion. Santander Consumer USA reported sales of $ 1.98 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The company is expected to release its next quarterly earnings report on Wednesday, August 4.
On average, analysts expect Santander Consumer USA to report annual revenue of $ 8.06 billion for the current fiscal year, with estimates ranging from $ 7.90 billion to $ 8.30 billion. . For next year, analysts predict the company will post sales of $ 8.41 billion, with estimates ranging from $ 8.01 billion to $ 9.16 billion. Zacks’ sales averages are an average based on a survey of analysts who track Santander Consumer USA.
Santander Consumer USA (NYSE: SC) last released its results on Wednesday, April 28. The financial services provider reported earnings per share of $ 2.42 for the quarter, beating the Zacks’ consensus estimate of $ 1.45 by $ 0.97. The company posted revenue of $ 1.37 billion for the quarter, compared to analysts’ expectations of $ 1.29 billion. Santander Consumer USA had a net margin of 20.43% and a return on equity of 30.33%. The company’s revenue for the quarter increased 19.3% year-over-year. In the same quarter of the previous year, the company posted ($ 0.01) earnings per share.
A number of analysts weighed on SC shares. Zacks investment research upgraded Santander Consumer USA from a “hold” rating to a “strong buy” rating and set a price target of $ 39.00 for the stock in a research report released on Tuesday, May 4. Barclays raised its price target for Santander Consumer USA shares from $ 26.00 to $ 32.00 in a research report released on Thursday, April 29. Morgan Stanley raised its price target for Santander Consumer USA shares from $ 30.00 to $ 32.00 and gave the company an “equal weight” rating in a research report released on Thursday, April 29. JPMorgan Chase & Co. raised its price target for Santander Consumer USA shares from $ 27.00 to $ 29.00 in a report released on Thursday, April 15. Finally, Compass Point downgraded Santander Consumer USA from a “neutral” rating to a “buy” rating and increased its target price for the share from $ 27.00 to $ 34.00 in a report released on Monday April 19. One investment analyst gave the stock a sell rating, four assigned a conservation rating, five assigned a buy rating, and one assigned a high buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $ 30.82.
SC stock opened at $ 38.50 on Friday. Santander Consumer USA has a one-year low at $ 16.03 and a one-year high at $ 39.10. The company has a debt to equity ratio of 6.18, a rapid ratio of 51.93 and a current ratio of 51.93. The company has a 50-day moving average of $ 33.27. The company has a market cap of $ 11.78 billion, a price / earnings ratio of 7.13, a P / E / G ratio of 0.31, and a beta of 1.12.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 20. Shareholders of record on Monday, May 10 received a dividend of $ 0.22. The ex-dividend date was Friday May 7. This represents an annualized dividend of $ 0.88 and a dividend yield of 2.29%. Santander Consumer USA’s dividend payout ratio (DPR) is currently 30.66%.
A number of hedge funds have recently changed their positions in SC. Lazard Asset Management LLC acquired a new position in Santander Consumer USA during the 1st quarter for a value of approximately $ 26,000. Carolina Wealth Advisors LLC purchased a new equity stake in Santander Consumer USA during the first quarter valued at approximately $ 68,000. Captrust Financial Advisors purchased a new stake in the shares of Santander Consumer USA during the first quarter for a value of approximately $ 90,000. US Bancorp DE increased its stake in Santander Consumer USA by 7.5% in the fourth quarter. US Bancorp DE now owns 5,857 shares of the financial services provider valued at $ 128,000 after purchasing an additional 407 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new position in Santander Consumer USA in the fourth quarter for a value of approximately $ 157,000. Hedge funds and other institutional investors own 99.87% of the company’s shares.
About Santander Consumer USA
Santander Consumer USA Holdings Inc, a consumer credit company, provides vehicle finance and third party services in the United States. It offers vehicle financial products and services, including retail contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital and lines. revolving credit.
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