Santander Consumer USA Holdings Inc (NYSE:SC) – Investment analysts at Piper Jaffray Companies dropped their Q1 2020 earnings per share estimates for shares of Santander Consumer USA in a research note issued to investors on Wednesday, December 18th, according to Zacks Investment Research. Piper Jaffray Companies analyst K. Barker now forecasts that the financial services provider will post earnings of $0.31 per share for the quarter, down from their previous forecast of $0.60.
Other research analysts have also issued research reports about the stock. UBS Group lowered shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.00 to $26.00 in a research note on Monday, November 4th. Santander downgraded shares of Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 9th. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. ValuEngine downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Stephens raised shares of Santander Consumer USA from an “underweight” rating to an “equal weight” rating and set a $23.00 target price on the stock in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.00.
Shares of NYSE SC traded down $0.13 during trading hours on Monday, hitting $23.04. 1,037,000 shares of the stock were exchanged, compared to its average volume of 806,100. The company has a market cap of $7.88 billion, a PE ratio of 9.07, a PEG ratio of 1.60 and a beta of 0.99. The firm has a fifty day moving average price of $23.44 and a 200-day moving average price of $25.02. Santander Consumer USA has a 12 month low of $17.68 and a 12 month high of $27.75.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Santander Consumer USA had a net margin of 12.33% and a return on equity of 13.20%. Santander Consumer USA’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS.
Hedge funds have recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in shares of Santander Consumer USA in the 2nd quarter valued at $43,000. Royal Bank of Canada lifted its stake in shares of Santander Consumer USA by 53.3% in the 2nd quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,287 shares during the period. Advisor Group Inc. lifted its stake in shares of Santander Consumer USA by 1,067.3% in the 2nd quarter. Advisor Group Inc. now owns 3,887 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 3,554 shares during the period. Coastal Investment Advisors Inc. lifted its stake in shares of Santander Consumer USA by 957.5% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 4,230 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 3,830 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Santander Consumer USA in the 3rd quarter valued at $116,000.
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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