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Santander Consumer USA Holdings Inc (NYSE:SC) – Equities research analysts at
Jefferies Group boosted their Q1 2018 earnings estimates for shares of Santander
Consumer USA in a report issued on Wednesday, according to Zacks Investment
Research . Jefferies Group analyst J. Hecht now anticipates that the financial services
provider will earn $0.48 per share for the quarter, up from their previous estimate of $0.42.
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 Q2 2018 earnings at $0.61 EPS and
FY2018 earnings at $2.33 EPS.
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Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on
Wednesday, January 31st. The financial services provider reported $0.27 EPS for the
quarter, missing the consensus estimate of $0.30 by ($0.03). Santander Consumer USA
had a return on equity of 11.78% and a net margin of 18.09%. The firm had revenue of
$1.62 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same
quarter last year, the firm earned $0.17 EPS.
Several other research analysts have also recently issued reports on the stock. Zacks
Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to
a “buy” rating and set a $19.00 target price for the company in a report on Thursday,
November 2nd. Barclays set a $18.00 target price on shares of Santander Consumer USA
and gave the company a “hold” rating in a report on Tuesday, December 12th. Goldman
Sachs Group began coverage on shares of Santander Consumer USA in a report on
Monday, December 4th. They issued a “buy” rating and a $21.00 target price for the
company. Oppenheimer began coverage on shares of Santander Consumer USA in a report
on Monday, January 8th. They issued a “hold” rating for the company. Finally, JPMorgan
Chase & Co. upped their target price on shares of Santander Consumer USA from $15.00
to $16.00 and gave the company a “neutral” rating in a report on Monday, October 30th.
One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven
have issued a buy rating and one has assigned a strong buy rating to the company’s
stock. The company presently has a consensus rating of “Buy” and an average target price
of $18.90.
Santander Consumer USA ( NYSE:SC ) traded down $0.52 during midday trading on
Friday, reaching $16.89. 4,020,000 shares of the company’s stock traded hands, compared
to its average volume of 2,230,000. Santander Consumer USA has a 12 month low of
$11.12 and a 12 month high of $19.02. The firm has a market cap of $6,080.00, a PE ratio
of 5.12, a PEG ratio of 4.01 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Thursday,
February 22nd. Investors of record on Monday, February 12th will be paid a dividend of
$0.05 per share. The ex-dividend date of this dividend is Friday, February 9th. This
represents a $0.20 dividend on an annualized basis and a yield of 1.18%. This is a boost
from Santander Consumer USA’s previous quarterly dividend of $0.03. Santander
Consumer USA’s dividend payout ratio is currently 3.64%.
A number of large investors have recently modified their holdings of the stock. Aperio Group
LLC boosted its stake in Santander Consumer USA by 22.3% during the 4th quarter. Aperio
Group LLC now owns 156,938 shares of the financial services provider’s stock worth
$2,922,000 after purchasing an additional 28,602 shares during the period. Monarch
Partners Asset Management LLC purchased a new position in Santander Consumer USA
during the 4th quarter worth $19,629,000. Victory Capital Management Inc. raised its
position in Santander Consumer USA by 12.6% during the 4th quarter. Victory Capital
Management Inc. now owns 96,174 shares of the financial services provider’s stock worth
$1,791,000 after buying an additional 10,788 shares during the last quarter. Deprince Race
& Zollo Inc. purchased a new position in Santander Consumer USA during the 4th quarter
worth $261,000. Finally, Unison Advisors LLC purchased a new position in Santander
Consumer USA during the 4th quarter worth $330,000. Hedge funds and other institutional
investors own 91.90% of the company’s stock.
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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
and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.
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