Zacks: Brokerages Anticipate Santander Consumer USA (SC) Will Announce Earnings of $0.74 Per Share

Wall Street brokerages forecast that Santander Consumer USA (NYSE:SC) will post $0.74 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Santander Consumer USA’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.64. Santander Consumer USA reported earnings per share of $0.70 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is scheduled to issue its next earnings report on Friday, July 27th.

According to Zacks, analysts expect that Santander Consumer USA will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.46. For the next financial year, analysts forecast that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.10 to $2.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. Santander Consumer USA had a net margin of 19.62% and a return on equity of 12.36%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $0.40 EPS.

A number of research firms recently issued reports on SC. UBS raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $21.00 in a research note on Monday, May 7th. JPMorgan Chase dropped their price target on shares of Santander Consumer USA from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 1st. Zacks Investment Research raised shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Saturday, April 28th. Morgan Stanley lifted their price target on shares of Santander Consumer USA from $19.50 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, April 26th. Finally, Barclays lifted their price target on shares of Santander Consumer USA from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA has a consensus rating of “Buy” and an average price target of $19.50.

A number of institutional investors and hedge funds have recently made changes to their positions in SC. Schroder Investment Management Group raised its holdings in shares of Santander Consumer USA by 466.8% during the 4th quarter. Schroder Investment Management Group now owns 1,669,492 shares of the financial services provider’s stock worth $31,086,000 after acquiring an additional 1,374,957 shares during the period. Canyon Capital Advisors LLC raised its holdings in shares of Santander Consumer USA by 69.6% during the 1st quarter. Canyon Capital Advisors LLC now owns 3,223,319 shares of the financial services provider’s stock worth $52,540,000 after acquiring an additional 1,323,253 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Santander Consumer USA during the 4th quarter worth $21,390,000. Renaissance Technologies LLC raised its holdings in shares of Santander Consumer USA by 269.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,542,300 shares of the financial services provider’s stock worth $28,718,000 after acquiring an additional 1,125,200 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of Santander Consumer USA during the 4th quarter worth $19,629,000.

Santander Consumer USA opened at $20.23 on Friday, MarketBeat reports. Santander Consumer USA has a 1 year low of $11.12 and a 1 year high of $20.36. The firm has a market capitalization of $7.17 billion, a P/E ratio of 11.63, a P/E/G ratio of 2.06 and a beta of 1.09.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, May 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $0.20 annualized dividend and a yield of 0.99%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 11.49%.

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.

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Earnings History and Estimates for Santander Consumer USA (NYSE:SC)

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