Santander Consumer USA Holdings Inc (NYSE:SC) – Research analysts at Piper Jaffray Companies lowered their FY2019 earnings estimates for shares of Santander Consumer USA in a report released on Tuesday, December 17th, according to Zacks Investment Research. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will post earnings of $2.86 per share for the year, down from their prior estimate of $2.88. Piper Jaffray Companies also issued estimates for Santander Consumer USA’s Q4 2019 earnings at $0.44 EPS.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.67 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Santander Consumer USA had a return on equity of 13.20% and a net margin of 12.33%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.
Several other equities research analysts have also commented on SC. Stephens lowered Santander Consumer USA from an “equal” rating to an “equal weight” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research report on Monday, September 9th. Santander lowered Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 9th. Zacks Investment Research lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. ValuEngine lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, UBS Group lowered Santander Consumer USA from a “buy” rating to a “neutral” rating and increased their target price for the company from $22.00 to $26.00 in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.00.
Santander Consumer USA stock traded down $0.29 during mid-day trading on Thursday, hitting $23.17. The company had a trading volume of 538,461 shares, compared to its average volume of 805,024. Santander Consumer USA has a 12-month low of $17.68 and a 12-month high of $27.75. The company’s fifty day moving average is $23.50 and its 200-day moving average is $25.02. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 1.62 and a beta of 0.99.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Santander Consumer USA by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,306 shares of the financial services provider’s stock valued at $748,000 after buying an additional 469 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Santander Consumer USA by 36.0% in the 3rd quarter. NewSquare Capital LLC now owns 2,435 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 645 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Santander Consumer USA by 3.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 18,852 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 711 shares in the last quarter. Rhumbline Advisers lifted its holdings in Santander Consumer USA by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 83,977 shares of the financial services provider’s stock valued at $2,142,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Santander Consumer USA by 7.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 19,702 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 1,286 shares in the last quarter.
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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