news

Snippet
Santander Consumer USA Holdings Inc (NYSE:SC) – Equities researchers at Jefferies
Group lowered their Q1 2018 EPS estimates for Santander Consumer USA in a report
issued on Thursday. Jefferies Group analyst J. Hecht now forecasts that the financial
services provider will earn $0.39 per share for the quarter, down from their prior estimate of
$0.48. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock.
Jefferies Group also issued estimates for Santander Consumer USA’s Q3 2018 earnings at
$0.60 EPS.
Get Santander Consumer USA alerts:
A number of other brokerages also recently weighed in on SC. Citigroup upped their price
objective on shares of Santander Consumer USA from $16.00 to $17.00 and gave the stock
a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research
upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set
a $21.00 price objective for the company in a research report on Tuesday, January 23rd.
Oppenheimer initiated coverage on shares of Santander Consumer USA in a research
report on Monday, January 8th. They issued a “hold” rating for the company. Piper Jaffray
Companies reiterated a “buy” rating and issued a $25.00 price objective on shares of
Santander Consumer USA in a research report on Thursday. Finally, JPMorgan Chase &
Co. upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight”
rating and decreased their price objective for the stock from $20.50 to $16.00 in a research
report on Friday, January 12th. One investment analyst has rated the stock with a sell
rating, six have issued a hold rating, eleven have given a buy rating and one has assigned
a strong buy rating to the company’s stock. The company has a consensus rating of “Buy”
and an average price target of $18.90.
Santander Consumer USA ( NYSE SC ) opened at $16.89 on
Monday. The firm has a market cap of $6,080.00, a PE ratio of 5.12, a price-to-earningsgrowth
ratio of 4.01 and a beta of 1.15. Santander Consumer USA has a 1 year low of
$11.12 and a 1 year high of $19.02.
Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday,
January 31st. The financial services provider reported $0.27 earnings per share (EPS) for
the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had
revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion.
Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.78%.
During the same quarter in the prior year, the firm earned $0.17 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the
stock. State of Alaska Department of Revenue acquired a new position in shares of
Santander Consumer USA during the 4th quarter worth about $161,000. Crow Point
Partners LLC raised its position in shares of Santander Consumer USA by 59.8% during
the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services
provider’s stock worth $174,000 after purchasing an additional 3,500 shares during the last
quarter. The Manufacturers Life Insurance Company raised its position in shares of
Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life
Insurance Company now owns 10,577 shares of the financial services provider’s stock
worth $135,000 after purchasing an additional 717 shares during the last quarter. OxFORD
Asset Management LLP acquired a new position in shares of Santander Consumer USA
during the 3rd quarter worth about $190,000. Finally, Convergence Investment Partners
LLC acquired a new position in shares of Santander Consumer USA during the 3rd quarter
worth about $200,000. Hedge funds and other institutional investors own 91.90% of the
company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday,
February 22nd. Investors of record on Monday, February 12th will be given a dividend of
$0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.18%.
The ex-dividend date of this dividend is Friday, February 9th. This is an increase from
Santander Consumer USA’s previous quarterly dividend of $0.03. Santander Consumer
USA’s dividend payout ratio is 3.64%.
ILLEGAL ACTIVITY NOTICE: This report was first published by Markets Daily and is the
property of of Markets Daily. If you are accessing this report on another domain, it was
illegally copied and republished in violation of US and international trademark & copyright
legislation. The correct version of this report can be viewed at
https://www.themarketsdaily.com/2018/02/05/q1-2018-earnings-estimate-for-santanderconsumer-usa-holdings-inc-sc-issued-by-jefferies-group.html.
Santander Consumer USA Company Profile
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