Santander Consumer USA Holdings Inc (NYSE:SC) – Investment analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for shares of Santander Consumer USA in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings per share of $0.48 for the quarter, up from their previous estimate of $0.42. Jefferies Group currently 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.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Friday. Oppenheimer began coverage on shares of Santander Consumer USA in a report on Monday, January 8th. They set a “hold” rating on the stock. Barclays set a $18.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group began coverage on shares of Santander Consumer USA in a report on Monday, December 4th. They set a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.87.
Santander Consumer USA (NYSE SC) opened at $18.79 on Friday. Santander Consumer USA has a fifty-two week low of $11.12 and a fifty-two week high of $19.02. The firm has a market cap of $6,677.01, a PE ratio of 10.10, a PEG ratio of 4.58 and a beta of 1.33.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.13. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of SC. Sei Investments Co. raised its holdings in shares of Santander Consumer USA by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 555 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Santander Consumer USA by 36.1% in the 2nd quarter. Rhumbline Advisers now owns 131,785 shares of the financial services provider’s stock worth $1,682,000 after acquiring an additional 34,942 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Santander Consumer USA by 41.9% in the 2nd quarter. State of Wisconsin Investment Board now owns 29,447 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 8,690 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Santander Consumer USA in the 2nd quarter worth about $216,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Santander Consumer USA by 9.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock worth $11,239,000 after acquiring an additional 78,807 shares during the last quarter. Institutional investors own 91.44% of the company’s stock.
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About Santander Consumer USA
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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