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Santander Consumer USA Holdings Inc (NYSE:SC) – Analysts at Jefferies Group upped
their Q3 2018 earnings per share (EPS) estimates for Santander Consumer USA in a
research report issued on Wednesday, Zacks Investment Research reports. Jefferies
Group analyst J. Hecht now forecasts that the financial services provider will earn $0.65 per
share for the quarter, up from their previous estimate of $0.57. Jefferies Group has a “Buy”
rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for
Santander Consumer USA’s Q4 2018 earnings at $0.58 EPS.
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Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday,
January 31st. The financial services provider reported $0.27 earnings per share (EPS) for
the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03).
Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.78%.
The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of
$1.58 billion. During the same quarter last year, the business posted $0.17 earnings per
share.
Several other research analysts have also recently weighed in on SC. Zacks Investment
Research cut shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a
report on Friday. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price
target on shares of Santander Consumer USA in a report on Thursday. Morgan Stanley
increased their price target on shares of Santander Consumer USA from $18.00 to $19.50
and gave the company an “equal weight” rating in a report on Thursday. Citigroup assumed
coverage on shares of Santander Consumer USA in a report on Tuesday, October 17th.
They issued a “neutral” rating and a $16.00 price target on the stock. Finally, JMP Securities
increased their price target on shares of Santander Consumer USA from $16.00 to $21.00
and gave the company an “outperform” rating in a report on Monday, October 30th. One
analyst has rated the stock with a sell rating, six have given a hold rating, eleven have
assigned a buy rating and one has issued a strong buy rating to the company. The stock
presently has an average rating of “Buy” and an average target price of $18.90.
Santander Consumer USA ( SC ) traded down $0.52 during trading on Thursday, reaching
$16.89. 4,020,000 shares of the company’s stock traded hands, compared to its average
volume of 2,230,000. The company has a market cap of $6,080.00, a PE ratio of 5.12, a
P/E/G ratio of 4.01 and a beta of 1.15. Santander Consumer USA has a 52-week low of
$11.12 and a 52-week high of $19.02.
Institutional investors and hedge funds have recently made changes to their positions in the
company. State of Alaska Department of Revenue bought a new position in shares of
Santander Consumer USA during the fourth quarter worth approximately $161,000. Crow
Point Partners LLC increased its holdings in shares of Santander Consumer USA by 59.8%
during the fourth 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 period. Sei Investments Co. increased its holdings in shares of Santander Consumer
USA by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the
financial services provider’s stock worth $123,000 after purchasing an additional 555 shares
during the period. The Manufacturers Life Insurance Company increased its holdings in
shares of Santander Consumer USA by 7.3% during the second 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 period.
Finally, Federated Investors Inc. PA increased its holdings in shares of Santander
Consumer USA by 134.9% during the second quarter. Federated Investors Inc. PA now
owns 11,605 shares of the financial services provider’s stock worth $148,000 after
purchasing an additional 6,665 shares during the period. 91.90% of the stock is currently
owned by institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Thursday,
February 22nd. Stockholders of record on Monday, February 12th will be issued a dividend
of $0.05 per share. The ex-dividend date of this dividend is Friday, February 9th. This is a
boost from Santander Consumer USA’s previous quarterly dividend of $0.03. This
represents a $0.20 annualized dividend and a dividend yield of 1.18%. Santander
Consumer USA’s dividend payout ratio (DPR) is currently 3.64%.
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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
third party servicing. The Company operates through Consumer Finance segment. Its
Consumer Finance business is focused on vehicle financial products and services, including
retail installment contracts, vehicle leases, and dealer loans, as well as financial products