$1.90 Billion in Sales Expected for Santander Consumer USA Holdings Inc (SC) This Quarter

Brokerages forecast that Santander Consumer USA Holdings Inc (NYSE:SC) will announce $1.90 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Santander Consumer USA’s earnings, with estimates ranging from $1.88 billion to $1.91 billion. Santander Consumer USA posted sales of $1.62 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, January 30th.

On average, analysts expect that Santander Consumer USA will report full-year sales of $7.10 billion for the current fiscal year, with estimates ranging from $7.03 billion to $7.17 billion. For the next financial year, analysts forecast that the firm will post sales of $8.12 billion, with estimates ranging from $8.03 billion to $8.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. During the same period in the prior year, the business posted $0.55 EPS.

Several brokerages recently issued reports on SC. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday. BMO Capital Markets raised their price objective on Santander Consumer USA from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. TheStreet upgraded Santander Consumer USA from a “c” rating to a “b-” rating in a research note on Wednesday, November 14th. Oppenheimer restated a “hold” rating on shares of Santander Consumer USA in a research note on Wednesday, October 31st. Finally, ValuEngine cut Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.85.

SC traded up $0.13 during trading hours on Friday, hitting $19.29. 886,500 shares of the stock were exchanged, compared to its average volume of 1,392,175. Santander Consumer USA has a 12 month low of $15.55 and a 12 month high of $21.81. The stock has a market capitalization of $6.83 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.37 and a beta of 1.07.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in Santander Consumer USA by 15.5% in the third quarter. FMR LLC now owns 12,826,358 shares of the financial services provider’s stock valued at $257,040,000 after buying an additional 1,720,255 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Santander Consumer USA by 3.3% during the third quarter. Vanguard Group Inc now owns 11,282,953 shares of the financial services provider’s stock valued at $226,110,000 after purchasing an additional 362,030 shares during the period. Vanguard Group Inc. increased its holdings in shares of Santander Consumer USA by 3.3% during the third quarter. Vanguard Group Inc. now owns 11,282,953 shares of the financial services provider’s stock valued at $226,110,000 after purchasing an additional 362,030 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Santander Consumer USA by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 6,318,462 shares of the financial services provider’s stock valued at $126,629,000 after purchasing an additional 227,541 shares during the period. Finally, Canyon Capital Advisors LLC increased its holdings in shares of Santander Consumer USA by 92.0% during the second quarter. Canyon Capital Advisors LLC now owns 6,190,000 shares of the financial services provider’s stock valued at $118,167,000 after purchasing an additional 2,966,681 shares during the period.

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. 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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