Santander Consumer USA Holdings Inc. (NYSE:SC) – Research analysts at Jefferies Group decreased their Q2 2018 earnings per share estimates for Santander Consumer USA Holdings in a research report issued on Monday. Jefferies Group analyst J. Hecht now expects that the financial services provider will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.70. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Santander Consumer USA Holdings’ Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $2.02 EPS.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Piper Jaffray Companies upgraded Santander Consumer USA Holdings from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $17.00 in a research report on Wednesday, August 30th. Susquehanna Bancshares Inc upgraded Santander Consumer USA Holdings from a “neutral” rating to a “positive” rating in a research report on Tuesday, September 5th. BMO Capital Markets lifted their target price on Santander Consumer USA Holdings from $14.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, September 13th. Finally, ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.00.

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Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. Santander Consumer USA Holdings had a return on equity of 11.56% and a net margin of 10.17%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be issued a $0.03 dividend. The ex-dividend date is Monday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.72%.

Several hedge funds have recently modified their holdings of the company. Gluskin Sheff & Assoc Inc. bought a new stake in shares of Santander Consumer USA Holdings in the third quarter worth about $497,000. State Board of Administration of Florida Retirement System increased its stake in Santander Consumer USA Holdings by 60.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 111,221 shares of the financial services provider’s stock worth $1,709,000 after acquiring an additional 41,700 shares during the last quarter. Victory Capital Management Inc. increased its stake in Santander Consumer USA Holdings by 38.8% during the third quarter. Victory Capital Management Inc. now owns 85,386 shares of the financial services provider’s stock worth $1,312,000 after acquiring an additional 23,849 shares during the last quarter. First Trust Advisors LP increased its stake in Santander Consumer USA Holdings by 13.0% during the third quarter. First Trust Advisors LP now owns 1,045,909 shares of the financial services provider’s stock worth $16,076,000 after acquiring an additional 120,431 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Santander Consumer USA Holdings by 19.1% during the third quarter. Nationwide Fund Advisors now owns 38,171 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 6,129 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Santander Consumer USA Holdings 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.

Earnings History and Estimates for Santander Consumer USA Holdings (NYSE:SC)

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