Santander Consumer USA Holdings Inc. Expected to Post Q2 2021 Earnings of $1.31 Per Share (NYSE:SC)


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Santander Consumer USA Holdings Inc. (NYSE:SC) – Analysts at Jefferies Financial Group upped their Q2 2021 EPS estimates for Santander Consumer USA in a research note issued on Thursday, April 29th. Jefferies Financial Group analyst J. Hecht now anticipates that the financial services provider will post earnings per share of $1.31 for the quarter, up from their prior forecast of $1.12. Jefferies Financial Group also issued estimates for Santander Consumer USA’s Q2 2022 earnings at $0.72 EPS and Q4 2022 earnings at $0.95 EPS.

Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, April 28th. The financial services provider reported $2.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.97. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. Santander Consumer USA had a return on equity of 9.54% and a net margin of 6.66%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Tuesday. Barclays upped their price target on shares of Santander Consumer USA from $26.00 to $32.00 in a research report on Thursday, April 29th. Bank of America began coverage on shares of Santander Consumer USA in a research report on Monday, April 19th. They issued a “buy” rating and a $36.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Santander Consumer USA from $27.00 to $29.00 in a research report on Thursday, April 15th. Finally, The Goldman Sachs Group cut shares of Santander Consumer USA from a “neutral” rating to a “sell” rating and set a $21.00 price target for the company. in a research report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.80.

NYSE SC opened at $34.32 on Monday. The company has a market cap of $10.50 billion, a P/E ratio of 20.19 and a beta of 1.15. The company has a debt-to-equity ratio of 8.12, a quick ratio of 59.10 and a current ratio of 59.10. The business’s 50 day moving average price is $29.30 and its 200-day moving average price is $24.70. Santander Consumer USA has a fifty-two week low of $12.79 and a fifty-two week high of $34.70.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Monday, May 10th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, May 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.56%. Santander Consumer USA’s payout ratio is 30.77%.

In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 15,277 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $25.79, for a total transaction of $393,993.83. Following the transaction, the insider now owns 39,531 shares in the company, valued at approximately $1,019,504.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SC. Great West Life Assurance Co. Can increased its stake in shares of Santander Consumer USA by 4.2% in the third quarter. Great West Life Assurance Co. Can now owns 22,581 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 906 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of Santander Consumer USA by 34.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 56,800 shares of the financial services provider’s stock worth $1,033,000 after acquiring an additional 14,603 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Santander Consumer USA by 166.9% in the fourth quarter. State of Alaska Department of Revenue now owns 22,585 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 14,124 shares during the period. Sowell Financial Services LLC increased its stake in shares of Santander Consumer USA by 356.7% in the fourth quarter. Sowell Financial Services LLC now owns 5,562 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 4,344 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Santander Consumer USA by 625.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 89,943 shares of the financial services provider’s stock worth $1,981,000 after buying an additional 77,543 shares in the last quarter.

Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. It offers vehicle financial products and services, including 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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Earnings History and Estimates for Santander Consumer USA (NYSE:SC)

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