Jefferies Group Weighs in on Santander Consumer USA Holdings Inc’s Q3 2018 Earnings (SC)

Santander Consumer USA Holdings Inc (NYSE:SC) – Jefferies Group upped their Q3 2018 earnings per share (EPS) estimates for shares of Santander Consumer USA in a research note issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the financial services provider will post earnings per share of $0.65 for the quarter, up from their previous forecast of $0.57. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Santander Consumer USA’s Q4 2018 earnings at $0.58 EPS.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year.

Several other equities analysts have also recently commented on the company. Citigroup upped their price target on Santander Consumer USA from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research cut Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer began coverage on Santander Consumer USA in a report on Monday. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised Santander Consumer USA from a “neutral” rating to an “overweight” rating and set a $16.00 price target for the company in a report on Friday. Finally, Barclays set a $15.00 price target on Santander Consumer USA and gave the company a “hold” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Santander Consumer USA has a consensus rating of “Buy” and an average price target of $17.87.

Santander Consumer USA (NYSE SC) traded up $0.20 during midday trading on Thursday, hitting $18.55. The company had a trading volume of 1,129,800 shares, compared to its average volume of 1,846,763. Santander Consumer USA has a fifty-two week low of $11.12 and a fifty-two week high of $18.89. The firm has a market cap of $6,680.00, a PE ratio of 9.97 and a beta of 1.32.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Santander Consumer USA by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after buying an additional 403,894 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Santander Consumer USA by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock worth $69,037,000 after acquiring an additional 71,016 shares during the last quarter. Harbor Spring Capital LLC grew its position in Santander Consumer USA by 12.9% during the 2nd quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock worth $42,913,000 after acquiring an additional 384,110 shares during the last quarter. Canyon Capital Advisors LLC grew its position in Santander Consumer USA by 13.6% during the 2nd quarter. Canyon Capital Advisors LLC now owns 3,057,332 shares of the financial services provider’s stock worth $39,012,000 after acquiring an additional 367,102 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Santander Consumer USA by 20.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock worth $23,392,000 after acquiring an additional 310,796 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2018/01/12/jefferies-group-weighs-in-on-santander-consumer-usa-holdings-incs-q3-2018-earnings-sc.html.

About Santander Consumer USA

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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.

Latest News

Leave a Reply