Santander Consumer USA Holdings Inc (NYSE:SC) – Investment analysts at Piper Jaffray Companies cut their Q1 2020 EPS estimates for shares of Santander Consumer USA in a report issued on Wednesday, December 18th, Zacks Investment Research reports. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.60.
Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.67. Santander Consumer USA had a return on equity of 13.20% and a net margin of 12.33%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis.
A number of other research analysts also recently commented on SC. ValuEngine downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Santander lowered shares of Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 9th. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. UBS Group cut Santander Consumer USA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $22.00 to $26.00 in a research report on Monday, November 4th. Finally, Stephens upgraded 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 note on Monday. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.00.
Santander Consumer USA stock traded down $0.15 during mid-day trading on Monday, hitting $22.89. The company’s stock had a trading volume of 650,200 shares, compared to its average volume of 767,125. The firm’s 50 day moving average is $23.42 and its 200 day moving average is $25.02. The company has a market cap of $7.78 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. Santander Consumer USA has a 52-week low of $17.68 and a 52-week high of $27.75.
Several large investors have recently made changes to their positions in the business. NewSquare Capital LLC acquired a new position in shares of Santander Consumer USA during the 2nd quarter valued at about $43,000. Royal Bank of Canada boosted its position in shares of Santander Consumer USA by 53.3% in the second quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,287 shares during the period. Advisor Group Inc. boosted its position in shares of Santander Consumer USA by 1,067.3% in the second quarter. Advisor Group Inc. now owns 3,887 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 3,554 shares during the period. Coastal Investment Advisors Inc. grew its stake in shares of Santander Consumer USA by 957.5% in the third quarter. Coastal Investment Advisors Inc. now owns 4,230 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Santander Consumer USA in the third quarter worth $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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