$2.03 Billion in Sales Expected for Santander Consumer USA Holdings Inc. (NYSE:SC) This Quarter


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Wall Street brokerages expect Santander Consumer USA Holdings Inc. (NYSE:SC) to post sales of $2.03 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Santander Consumer USA’s earnings, with the highest sales estimate coming in at $2.06 billion and the lowest estimate coming in at $1.96 billion. Santander Consumer USA reported sales of $2.01 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 3rd.

According to Zacks, analysts expect that Santander Consumer USA will report full-year sales of $8.06 billion for the current year, with estimates ranging from $7.99 billion to $8.10 billion. For the next year, analysts anticipate that the firm will post sales of $8.27 billion, with estimates ranging from $7.82 billion to $8.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Santander Consumer USA.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.83. Santander Consumer USA had a return on equity of 4.50% and a net margin of 3.47%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.67 EPS. Santander Consumer USA’s revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of research analysts recently commented on SC shares. BMO Capital Markets increased their price target on shares of Santander Consumer USA from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. BidaskClub downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 8th. The Goldman Sachs Group downgraded shares of Santander Consumer USA from a “neutral” rating to a “sell” rating and set a $21.00 price objective for the company. in a research note on Thursday, January 7th. Piper Sandler raised their price objective on shares of Santander Consumer USA from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, TheStreet raised shares of Santander Consumer USA from a “c” rating to a “b” rating in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Hold” and an average price target of $23.56.

Shares of Santander Consumer USA stock traded up $0.30 during trading on Wednesday, reaching $22.25. 832,458 shares of the stock traded hands, compared to its average volume of 797,745. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 28.16 and a beta of 1.13. The business has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $19.79. The company has a debt-to-equity ratio of 8.30, a current ratio of 58.77 and a quick ratio of 58.77. Santander Consumer USA has a 52-week low of $9.74 and a 52-week high of $27.20.

A number of hedge funds have recently modified their holdings of SC. Russell Investments Group Ltd. lifted its position in Santander Consumer USA by 111.9% during the second quarter. Russell Investments Group Ltd. now owns 24,369 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 12,870 shares during the period. Principal Financial Group Inc. lifted its position in Santander Consumer USA by 29.2% during the second quarter. Principal Financial Group Inc. now owns 15,600 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 3,522 shares during the period. Goldman Sachs Group Inc. lifted its position in Santander Consumer USA by 8.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,000,497 shares of the financial services provider’s stock valued at $18,419,000 after purchasing an additional 78,783 shares during the period. FMR LLC lifted its position in Santander Consumer USA by 1.1% during the second quarter. FMR LLC now owns 12,996,718 shares of the financial services provider’s stock valued at $239,269,000 after purchasing an additional 139,262 shares during the period. Finally, Cipher Capital LP lifted its position in Santander Consumer USA by 158.6% during the second quarter. Cipher Capital LP now owns 26,525 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 16,267 shares during the period.

About Santander Consumer USA

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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